Navigating the globe for investment opportunities

Hamish Douglass | Magellan Asset Management | April 2012

The March quarter saw strong growth in markets globally, led by the US equity markets with the S&P 500 appreciating by 12% in Australian currency terms, its best quarter since 1998. The US markets were driven by macroeconomic themes with US economic data points signaling a gradual recovery. Globally, markets benefitted from a more positive sentiment particularly around European liquidity issues following the European Central Bank's 1 trillion euro Long T...