Markets settle down and pension schemes end the year up
Markets settle down and pension schemes end the year up
10 Jan 2023
Quarter in Brief
- Major central banks increased interest rates further in December to fight above target inflation, although early signs inflation may have peaked
- Sterling appreciates versus the US dollar over the quarter detracting from Sterling returns on overseas investments and dampening positive equity returns
- Credit spreads tighten despite expected increase in defaults
- Lagged private market asset performance expected to decline to end of the year
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