Despite bouts of volatility, the MSCI World Index advanced by 24.2% in 2021, in local currency terms. US large-caps (Display below, left) led the gains and weren't derailed in late December after the Federal Reserve unveiled plans to accelerate monetary policy tightening in 2022. Developed markets outperformed emerging markets, as Chinese stocks struggled. Energy, technology and financial stocks outperformed, while defensive sectors such as utilities lagged.
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AllianceBernstein Holding LP published this content on 03 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 January 2022 14:18:04 UTC.