The QV equity strategies produced excellent results in the year; not only on an absolute basis, but also outperforming their respective benchmarks.

The QV equity strategies produced excellent results in the year; not only on an absolute basis, but also outperforming their respective benchmarks.
Over a year has passed since the bottom of the pandemic-induced global bear market. Financial markets continued to focus on the light at the end of the tunnel.
While stocks proved to be a roller-coaster ride in 2020, bonds fulfilled their typical defensive role, and then some.
Despite the once-in-a-century pandemic, stock markets posted significant gains this quarter, with some reaching near-record highs.
The depth and duration of bear markets is unknown. Extreme market sell-offs are often opportunities to rebalance portfolios and add to quality businesses.
Abnormally low/negative bond yields continued to push investors to search for higher returning investments, prolonging the current equity cycle.