November 2022 Monthly Market Review

November was a strong month for equities, despite ongoing concerns surrounding inflation and central bank policy action. Emerging market equities were up 14.8%, outperforming both international developed equities (11.3%) and the US (5.6%) during the month. The rally in emerging market equities was led by China, up 29.7% for the month. This surge can be attributed to Chinese lawmakers signaling that they may begin to ease its Covid-19 restrictions1,2. In international developed markets, Hong Kong’s Hang Seng Index had its best month since October 1998, up 26.6%, which also was tied to news of China potentially loosening its strict zero-Covid-19 policy… (Read More/View PDF)