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05 September 2024 | 1 min. readingtime
Financial markets got off to a stormy start in August, with lower interest rates and sharply lower stock prices, particularly in Japan. But there was not much evidence of this by the end of the month. US and European equity markets actually closed the month in positive territory, returning 0.4% and 1.6% respectively. Emerging markets lagged, returning -0.4%. European bond markets experienced a good month on balance, partly thanks to a decline in bond yields. This also helped listed real estate, which was the best performing asset class for the second month in a row with a yield of 3.6%.
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