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Cirilium Active quarterly report - December 2023 (Q4 2023)

Date: 06 February 2024

Cirilium Active Quarterly Report 2023 Q4

In November, signs of falling inflation in the US, Europe, and UK triggered the best month for global equities since the news of a covid vaccination broke three years ago. By mid-December, the rally was given further impetus by the US Federal Reserve’s (Fed) surprise pivot from maintaining interest rates to pencilling-in cuts in the year ahead. Developed market equities significantly outperformed emerging markets to gain 6.8%, while bond markets enjoyed their best quarter for more than two decades.

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