After booming returns in January, the month of February saw most markets sell-off. Global Share performance was weak. Global shares lost 1.6% on a currency hedged basis, but gained 2.1% on an unhedged basis, due to a stronger USD and a depreciating AUD. In the U.S., almost all sectors of the S&P 500 were weaker. Technology was comparatively resilient, while Energy was amongst the weakest sectors with investors eyeing potential cost pressures.
