The positive performance was especially visible in the US, where the market climbed 6.5%, based mainly on continued hype around AI.
Europe also came out of June with a positive equity performance, albeit the lowest of the regions. This was, among other things, an outcome of European defence companies continuing their high order intake.
The Asian region ended up with a positive outcome of a little more than three percent. While the region in general performed well, Japan was the major market with the strongest performance.
Emerging Markets 3.2%
The Emerging Markets region gained 3.2%. India had a strong month, while China, Taiwan, and South Korea—the other largest constituents—had positive but more muted performances.