Monthly Market Update

February’s markets appeared strong on the surface, yet beneath the headline returns a growing divergence between regions, sectors and investment styles is reshaping the investment landscape.

January delivered a constructive start to 2026, with improving macroeconomic signals supporting global equities and reinforcing investor confidence despite elevated geopolitical tensions. Market leadership broadened meaningfully across regions and sectors, while fixed income adjusted to stronger growth data and shifting policy expectations. The month highlighted the continued importance of diversification, selective risk exposure and high quality assets in an increasingly com

2025 began with trade tensions and equity drawdowns but ended in a rare synchronised rally across asset classes. From emerging market leadership to the return of bonds as a source of income and diversification, the year marked a decisive shift in global market dynamics and investor behaviour.