Plexus Wealth Watch – October 2014
General market and economic review
Source: Grindrod Asset Management
The September quarter proved to be a difficult one for global equities, with some risk aversion and increased volatility returning to markets. After reaching an all!time closing high early in July, the MSCI World Index ended the quarter down 2,6% and the MSCI Emerging Markets Index down 4,3%. Most of the damage was done during the month of September, with emerging market equities being especially hard hit (see graph below). The MSCI World Index declined by 2,9% and the MSCI Emerging Markets Index by 7,6% over the month.