Market Review, May 2011

Publication Date: 

May 2011


The key theme of the month was a flight to safety in light of concerns surrounding the Eurozone sovereign debt crisis and slowing global growth. Risky assets including global equities and commodities fared poorly in May while “safer assets” including domestic treasuries, fixed income and emerging fixed income rallied. The US Dollar, a traditional haven in times of crisis, made significant gains during May.