Milliman FRM Insight: April 2019 Market Commentary

April marked the best risk-adjusted monthly return for global equities since October 2015. Up for its fourth consecutive month, the global equity market, as measured by the S&P Global 1200, locked in its best April year-to-date (YTD) return on record. Equity market volatility in April declined sharply from average levels in March down to near its five-year low. Tightening credit spreads were offset by rising yields in April, leaving the investment grade bond market flat for the month. The price of oil climbed 6.8%, marking its fourth consecutive month of increases and bringing its YTD increase to 35%.

Milliman’s Joe Becker offers more perspective in this month’s market commentary. Download the full commentary at

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