Markets sold off in December to cap a year to forget for investors, with both stocks and bonds declining in the final month of 2022. December’s Global Share performance was generally poor. Global shares lost 5.5% on an unhedged basis and 5.2% on a hedged basis. In the U.S., Utilities was the best-performing sector for December, with Consumer Discretionary being the worst performer, followed by the Technology sector.

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