by Mawer Investment Management
Global equity markets continued their ascent during the second quarter of 2013, with several major equity indices setting all-time highs during May. Momentum was then halted after Federal Reserve Chairman Ben Bernanke warned that stimulus efforts would be tapered if the U.S. economy continued to strengthen. Clear signs of stress in the Chinese financial system and ongoing uncertainty over the implications of Japan’s massive stimulus efforts added to investor fears. Equity markets corrected sharply before finding solid footing during the final days of June.
Read our full account of the quarter here.
