The S&P Europe 350® capped a stunning year with a 6% advance in December, which took the gains of the pan-European benchmark to 26% for the year.
Northern European countries, and the Energy and Information Technology sectors, stood out in terms of performance. Real Estate was the major laggard.
Rising inflationary pressures weighed on nominal yields, resulting in widespread losses in our broad bond indices. Naturally, inflation-linked bonds proved an exception.
