– As most investors are still expecting for an end to the Fed’s interest-rate increases, March saw a significant rise in market volatility due to turmoil in the banking sector (Silicon Valley Bank, Signature Bank and Credit Suisse). The fear of contagion and recession caused investors to review their expectations, markets pricing for US interest cuts before the end of the year, while policymakers keeping rates at least at the current level to continue to fight inflation.

– In this environment, most equity funds in the range returned positive performances while fixed income funds underperformed in March. Despite low volumes, we are seeing increasing activity year-to-date from asset managers and investors preparing the grounds for reallocations. We are spending lots of time with investors providing insights and markets analysis.