Wealth Management Review - Bond sell-off when nobody expected it 

May was a month of nervous trading with many markets moving sideways, though with relatively large fluctuations. In May, the Japanese Nikkei index outperformed and rose by 5.3%, followed by the S&P500 index, rising 1.3%. European markets underperformed in May. The Euro Stoxx50 index was almost flat, up only 0.3% – albeit with large intra-month movements – and the German DAX even fell by 0.4%. Emerging markets were hit hard and lost 4%.

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May 2015 Blue Horizon Wealth Management Partners