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Investors once again grappled with global market volatility in 2023, with geopolitical tension and uncertainty over interest rates helping to buffet major asset classes.
A disappointing recovery by China post-lockdown and the steady realisation the US Federal Reserve may have to keep interest rates higher for longer were among the factors that kept asset managers on their toes.
On a more positive front, SA got a slight reprieve from load shedding over the winter, while major economies, notably in Europe, managed to avoid recession.
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