Global equities traded down significantly to begin 2022, with the MSCI World Index and STOXX Global 1800® Index declining 5.15% and 5.95%, respectively, in Q1. Factor-based indices were mixed in Q1. World Quality (-8.51%) stocks experienced the most significant underperformance against the MSCI World Index. Quality underperformed by 3.35% in Q1, including an 8.02% nominal pull-back in January.
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