Market Wrap - December 2020

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Market Wrap - December 2020

The US election had earlier dominated attention. Donald Trump’s reluctance to 
concede diverted attention from possible policy changes under the new Biden administration, but this will likely become an increasing focus for investors in the months ahead.

Credit spreads narrowed sharply, both in Australia and overseas. This reflected optimism around the vaccines and a potential return to ‘normality’ in 2020, and supported returns from corporate bonds domestically and internationally.

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