30 November 2018 Monthly Fact Sheet – Mint Funds
Market Commentary:
Global markets were mixed in November after the October sell off. The S&P500 rose 2% helped by a more dovish view on interest rates with the market taking a sanguine view of a Democrat majority in Congress and Republican Senate. European markets (c-1.7%) were weaker on softer economic data with the Brexit saga reaching a head. Trade tensions continue generating volatility. Defensive sectors Healthcare (+5.5%), REITs (+4.4%) and Telcos (+4.1%) were the outperformers, while Energy (-3.4%), IT (-1.9%) and Materials (-0.9%) weighed on global indices …