It's hard to believe that just over 12 months ago, stock markets bore the brunt of Covid-19's severe lockdowns.

Stocks have since staged huge rallies over the 12 month period, bouncing on significant central bank money printing, and governments globally spending on stimulus measures, as well as the discovery of vaccines to treat the virus.

Equity markets, specifically the S&P500 have performed the best, rallying 57%. Safe haven bonds have been sold down, causing some capital losses which were more prevalent in European markets. Global bonds lost 16%.

For the month of March, equity markets continued mostly in positive territory, with the Australian market gaining 2.4%.

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See previous updates here.