By Sharon Fay
Global equities posted their first quarterly decline in two years during a volatile first quarter. Growing concerns about rising rates, trade wars and regulation in the technology sector will require a new mindset for investors.
The MSCI World Index fell by 2.3% in the first three months of the year in local currency terms, with European and Japanese markets falling sharply (Display, left). US stocks were more resilient, but still ended the quarter down slightly. Yet, the MSCI Emerging Markets Index advanced by 0.6%. Defensive stocks and resources led the declines