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Compass Commentary - April 2023

Date: 25 May 2023

Compass Portfolios monthly commentary

Global equities gained 1.8% in April. Losses in China, which undermined Asian and emerging market equities, and a small decline in US equities due to the strength of sterling, were mostly balanced by strong returns from Europe with UK equities once again proving to be the top-performing region. Meanwhile, the banking sector continued to creak, particularly in the US, with the Federal Reserve (Fed) tempering short-term expectations for the US economy.

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Sacha Chorley

Portfolio Manager


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