Marlin Global has reported a 17% increase in gross performance for the quarter ending March 31, 2024.
The company also revealed an adjusted net asset value return of 15.6%, outperforming the global benchmark which was up 9.6%.
Marlin attributed the broadening of the global stock market rally to the ongoing lift in global economic growth expectations, driven primarily by the United States.
In terms of stock market returns, 2023 was dominated by the tech sector, while 2024 saw a more balanced mix of stocks driving the rally.
Marlin noted that the performance of banks and industrial companies was on par with or even higher than tech companies.
See more
