Two Sigma’s Venn outlines factor performance for March

Equities did well last month as most market watchers have noted that Value outperformed growth. In his March Factor Performance report, Alex Botte of Venn by Two Sigma noted that March was a strong month for the global Equity factor, especially in developed markets.

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He said Europe led the way due to higher growth expectations even though the COVID situation was worsening. Overall, additional fiscal and monetary stimulus supported the equity markets. For example, the U.S. passed President Joe Biden's first stimulus package while the Federal Reserve maintained its accommodative position.

Higher inflation expectations

Botte noted that global sovereign 10-year yields edged higher throughout...