Private Investor's Diary Portfolio 

Drawn to US small caps

Drawn to US small caps

A super month for equity investors. Except for Hong Kong and China, major equity markets made good progress in November, with the US leading the way. The S&P 500 hit new all-time highs and ended the month up 3 .4 per cent. The technology-heavy Nasdaq composite did slightly better, gaining 4.5 per cent and leaving it up 30.6 per cent this year. That is a tremendous result in the face of increasing trade tension, Trump impeachment proceedings and a slowing economy. Not many predicted that at the start of the year. Other major markets made good gains, with the CAC 40 up 3.1 per cent, the DAX up 2.9 per cent and the Nikkei 250 up 1.6 per cent.

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