THE year 2021 ended positively for global equity markets.
The MSCI All Country World Index (ACWI), which covers around 85% of global investable equities, surged by as much as 16.8% to 754 points year-on-year, while the MSCI World Index, which captures large and mid-cap companies across 23 developed market countries, soared 20.1%.
This underscores how positive businesses, consumers and investors sentiment were at the time following the ravaging effects of the Covid-19 pandemic.
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