The final quarter of an extraordinary year proved exceptionally positive for stock markets, with double-digit returns relatively commonplace. Fuelled by the announcement of three effective vaccines, Joe Biden’s US Presidential victory and late-December deals on a US stimulus package and post-Brexit UK-EU trade, global equities (as measured by the FTSE World Index) returned 10.1% in euro terms.
Set against this positive backdrop, PRIME funds continued to deliver strong returns to investors. Full details of PRIME’s since launch performance are captured in our PRIME Q4 2020 Performance Report.