Global Equities - Market Update - April 2021
13 May 2021
April was another strong month for global equities. During the month there was a reversal of the YTD trend of value outperforming growth. For the month, MSCI World Growth index TSR was +5.0% in AUD while MSCI World Value index TSR was +2.0%.
Data came out during the month highlighting the record spending spree of American consumers as the country reopens and the benefit of stimulus payments flows through. The pent-up savings in US households (materially helped by stimulus payments) is a key upside risk as households look to spend these excess savings as the economy reopens.
