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Investors should stick with the pro-cyclical commodity trade, particularly energy, Wood said

Global financial markets have navigated through a series of developments and marched on higher over the past few months. While a surge in oil prices – up around 20 per cent since March 2021 levels and fears of a rise in inflation were among the key headwinds, hope of a pick-up in economic activity after gradual opening up of major cities across the globe after a Covid-induced lockdown provided hope.

Fund managers, too, have their task cut out. Navigating through this uncertain phase for the global economy and markets was an uphill climb.

Christopher Wood, global head of equity strategy