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The Year in Review - JANA 2020/21 Financial Year Commentary
  • Risk markets rallied during the year as a positive economic growth outlook and accommodative policy responses boosted investor sentiment
  • A large equity style rotation from high multiple ‘growth’ stocks to cyclical ‘value’ stocks occurred from favourable financial conditions and global vaccine rollouts
  • Higher inflation was priced in by investors, driving bond yields up with Fed Board members indicating interest rates may rise as early as 2023
  • The emergence of the COVID-19 delta variant subdued market optimism late in the financial year
28th July 2021 / 2 mins read
Carlo Tjahjadi
Investment Analyst
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