Global equities rose by 3.6% (in local currency terms)in September, with Eurozone markets rising by 2.9% and North America rising by 3.3% (in EUR terms). The US dollar weakened further against the Euro over the month.
European equity gains in September were supported by easing trade tensions, softer inflation concerns, and expectations of further rate cuts.
US equity markets maintained positive momentum in September.
The funding level of our sample DB scheme increased during the month to c.106% as assets outperformed liabilities.
Our High Risk, Medium Risk & Pension Purchase DC strategies all posted positive returns over the month.
