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- European equities completed a third consecutive month of losses in February. The S&P Europe 350 finished the month with a total return of –2.07%.
- The S&P Europe 350 Materials sector gained, rising 5.75% and mirroring a near-equivalent loss in Utilities, the worst performer. European Financials continued to struggle, falling over 5% this month.
- European fixed income indices largely gained as sovereign yields compressed further. The S&P Pan-Europe Developed Sovereign Bond index has reached a yield of 0.61%, the lowest on record.