The Economic Update – February 2014

Summary of the February 2014 FSP Economic Update:

2014 started on a poor note for growth assets as the commencement of tapering of quantitative easing (QE) by the US Federal Reserve (the Fed) coincided with an increase in market volatility.
Emerging market (EM) equities underperformed their developed market counterparts in January, with the MSCI emerging markets index falling by 6.6% in US dollar (USD) terms.
Concerns over g…