ETF Performance Report November 2024
- November saw overall global equities rebound, with the MSCI World Index reverting to a net gain position by closing 4.5% higher month-on-month (MoM) at 3,810.14pts (versus -2.0% MoM in October). Sentiment was lifted early in the month, as Donald Trump was elected as the 47th president of the United States. US equities hit a record high after being buoyed by Trump’s policy programme that is expected to boost corporate earnings and cut taxes on US companies. Additionally, the trimming of the benchmark interest rate by 25 basis points to a range of 4.5% to 4.75% by the Federal Reserve contributed to the positive sentiment.
- Due to the strengthening of the US dollar and broader implications of Donald Trump’s presidential victory, the LBMA Gold Price AM fell by 4.1% MoM to USD2,664.30 per troy ounce. However, GOLDETF’s total volume / value surged by 276% and 284% MoM to 1.5mil units / RM5.4 mil respectively.
Published Date
10 Dec 2024
Publisher
Bursa Digital Research
