By: SEI Investment Management Unit
Investor confidence received a boost from continued central bank support in the U.S. and eurozone.
Equity markets gained, with risky assets among the strongest performers.
Bond market performance was held back by waning demand for government debt.
Equities rallied throughout the quarter, outperforming global bonds. Investor sentiment was generally positive and market volatility remained calm. Consequently, assets that are perceived to be riskier were favored. Measures by the European Central Bank (ECB) to support the banking system and progress toward resolving Greece‘s sovereign debt troubles fueled a hopeful outlook.