We are acknowledging a continuing divergence between market expectations and actual data vs monetary policy response. At some point in the coming months Market rates pricing and FED policy should come to terms. We are carefully monitoring such divergence.
Tech sector it is mostly driven by large caps and therefore we do not have as yet a broad based performance.
US Debt ceiling will take again centre stage in May and it could provide a catalyst for US Equities.
In the month of April we had a negative performance of -3.3%.
| As of 30.04.23 | Multi Thematic | NASDAQ Composite | NASDAQ Composite € |
| ITD | -11.51% | -5.67% | +2.46% |
| 1 Year | -5.90% | +3.04% | -1.46% |
| YTD | +4.94% | +21.08% | +17.57% |
| April | -3.32% | +0.49% | -0.99% |
(Sources: Vontobel, Bloomberg)
DISCLAIMER: Past performance is not an indicator or a guarantee of future performance.
More details on FS Multi Thematic Trends Index