The year began on a strong positive note for global equity markets and most AFC funds also had a positive return at the start of the year.
Investor sentiment continues to improve as confidence grows that we are at the peak of global inflation and interest rate hikes.
This was also evident in the less aggressive 25 basis point increase in interest rates by the U.S. Fed on 1st February 2023, as well as less hawkish messaging from the U.S. Fed in the past few weeks.
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