During 2014 we recorded new highs for global equity indices as well as recording the sixth year in a row of positive returns from global equities. This was achieved despite many headline challenges be they geo-political or simply the ongoing challenges of the muddle through growth struggle for many of the world’s economies. From my general perspective, this constant ‘barrage of challenges’ to the recovery scenario was to be expected and has been a feature of the global equity recovery since March 2009. Global bond markets have also continued to hit new highs confounding all negative predictions (including yours truly) once again.
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