The 3rd quarter saw higher volatility across asset classes.

All major asset classes experienced positive growthduring the 2nd quarter.

Global Markets continued the positive rotation that began late in the 4th quarter.

Global Markets initially struggled for direction in the leadupto the US Presidential Election. However, once the uncertainty of the election outcome passed, markets began a rally strongly into year-end.

Global Markets continued their rebound from the selloff in March with strong performance in July and August. Markets were driven higher over the summer months as areas of the economy continued to recover and on the back of talks for additional fiscal stimulus for the economy.