january’s performance overview
- The New Year started strongly on the back of better than expected economic data across most regions, a partial unwinding of the systemic European sovereign and banking risk that gripped the market in the last couple of months and an easing of concerns around China tightening.
- Equity volatility dropped sharply with the VIX back below 20, a level not seen since last July.
- The Australian equity market (ASX200) finished January up 5.1%.
- After lagging offshore markets early in the month on the back of the financials rally, the ASX200 picked up through the second half of the month as investors returned from their summer break and improved sentiment around China and resources saw some increased appetite for risk.
Download the Wrap Up of the Market for January 2012 here.