The vaccine news was a game changer for markets in November. With gains of +9.4% in Global equities in Euros (+12.7% in Dollar Terms), November 2020 was the strongest month in the past 45 years.
In our Monthly Market Review, Kevin Quinn, Chief Investment Strategist, Investment Markets, shares his five snippets for November and notes that the acceleration in the pace of vaccine delivery has encouraged investors to look on normality in 2021 as far more probable. This has lifted shares that were worst hit by Covid-19. When viewed through the perspective of investment style, the period since September has seen Value outpace Growth and in November this was particularly the case.