Axioma Insight™ Quarterly Risk Review

Q3 2016

By the time the third quarter rolled around, markets were experiencing periods of both severe unrest and eerie calm. The initial shock of the Brexit vote sent equity market volatilities and correlations to new heights in July. But Brexit concerns faded rapidly. Asset correlations made a U-turn by the end of July and in most regions risk forecasts fell to their lowest levels since the summer of 2015 by quarter-end. The summer months were otherwise relatively calm, with trading activity slowing down greatly in August. Large swings in oil prices continued.

Author: Olivier d’Assier, Managing Director, APAC


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