April was a quiet month on the financial markets. Government bond yields barely moved, with the exception of upturns in yields on bonds at the extremely short end of the yield curve in the US and more generally in the UK. The higher yields in the UK were mainly a normalisation following the downturns in March.
Please see Kempen’s Asset Allocation Outlook for May. The highlights this month are:
Capital at risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested. Past performance provides no guarantee for the future.