50% Off! Beat the market in 2025 with InvestingProCLAIM SALE

UBS: Markets outperformed in June, led by Quality and Size

Published 02/07/2024, 17:30
© Reuters.
US500
-
MIAPJ0000PUS
-

UBS reported in a note this week that there were positive returns across global markets in June, with Developed Markets gaining 2.4%. AC Asia ex-Japan led the pack with a 4.2% increase, followed by the US at 3.6%.

Europe lagged behind, experiencing a 1.4% decline, said UBS. In addition, sector performance is said to have varied, with IT leading the surge at 8.9% and Utilities lagging at -4.4%.

Meanwhile, UBS said quality and size factors dominated in June, with High Quality and Size (Large-Cap vs. Small-Cap) strategies achieving the top performances at 5.1% and 4.4%, respectively.

Conversely, they said Low Risk styles, particularly Low Beta, underperformed significantly at -4.9% on a long-short basis. Value styles also mostly disappointed, with Composite Value and Book Yield delivering the weakest returns.

While acknowledging a slight valuation premium compared to historical PE ratios across developed markets, particularly in the US, UBS highlights the IT sector as the most expensive and Energy as the cheapest.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.