Price volatility returned to share markets around the world during September, with equity markets ending down 1.0% over the month. Markets initially responded positively to the ECB asset purchase plans and to the Scottish No vote for independence. However September is typically a weak period for equity markets and this one was no exception. New Zealand equities rallied following the re-election of the National Government, in particular the 'gentailers'. Commodities hit a five year low while domestic and global fixed income produced relatively flat returns.
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