Compass quarterly report - April 2024 (Q1 2024)

Strong company earnings, improving economic data and broadly easing inflation, saw global equities leap 8.3%. Developed markets notably outperformed emerging markets with AI-related stocks continuing to generate great interest, especially in the US. Even so, Japan was the top-performing regional equity market. Against a backdrop of robust economic gains and changing expectations as to the timing of interest-rate cuts, government bonds declined while corporate bonds were mostly flat.

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