Pearl Impact Capital Blog Q3 2020 Market & Performance Review

Stocks were up again in the third quarter despite increased uncertainty around the U.S. presidential elections, dimming hopes for fiscal stimulus and worsening trends in Covid-19 cases. Equity markets climbed steadily in July and August, then pulled back a bit in September. The MSCI AC World Index gained 8.13% during the period, while PIC portfolios beat their respective benchmarks.This report examines the disconnect between the stock market and the real economy, the impact of climate change on the economy and your investment portfolio, the benefits of having exposure to international stocks, and performance returns of PIC investment strategies.