The S&P 500 index in the US fell slightly during February, dragged down by higher-growth and technology stocks.
However, it was an extremely strong month for many other global markets and assets.
Japanese shares surged 10.4%, while UK shares rallied 6.7% and emerging market equities were up 5.4%.
The ASX 200 in Australia rose 3.7%, while the domestic NZX 50 index was up 2.2% in February, its strongest monthly rise since September.
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Mark Lister
Investment Director
Market Insights enewsletter
Keep up to date with our fortnightly Market Insights enewsletter. Our research team provide timely and regular commentary and analysis on market developments, understanding investment jargon, and the impact of current events.