• Despite a sharp sell-off at month end, both the S&P Europe 350® and the S&P United Kingdom finished February a few percentage points higher than they began. 
• Smaller stocks, commodity-linked segments, and cyclical sectors outperformed along with Value. Meanwhile defensive equities and Momentum lagged. 
• As bond prices declined in concert across the region, the broad-based S&P European Sovereign Bond Index’s yield turned positive for the first time since July 2020.

Performance Report