In summary: 
Strong Quarter Performance Across Diverse Markets: The first quarter of 2024 has seen markets finish with low volatility and high returns, defying weak data with a positive outlook on the latest inflation and economic figures. Notably, diversified portfolios have delivered exceptional returns, comparable to what might typically be expected for an entire year, within just the first three months.

Geographic Performance Highlights: Japan was the standout performer for both the week and the entire quarter. Europe showed little volatility, while the U.S. delivered the best returns but with considerably higher volatility, especially among large cap tech stocks. 

Investment Strategy Insights: The current low volatility environment, with the 'Goldilocks/Soft Landing' scenario largely priced in, presents a dilemma between market complacency and solid fundamentals. Active asset allocators are taking a more defensive stance, potentially safeguarding against future uncertainties but possibly missing out on gains should the positive scenario continue. This cautious approach is characterised by being underweight in duration and the US market, reflecting a strategic choice that worked well in 2022 but now faces unpredictable months ahead.

Watch the Market Report: https://www.investsense.com.au/industry-articles/q1-2024-update-world-markets-roar-asx-shouts-a-bit 

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