A review of markets in the third quarter when global equities moved higher, led by Asia. : Please note any past performance mentioned is not a guide to future performance and may not be repeated. The sectors, securities, regions and countries shown are for illustrative purposes only and are not to be considered a recommendation to buy or sell. US equities gained in Q3 despite a decline in September as risk appetites slipped. Overall, the US economy’s recuperation continued, and the Federal Reserve’s (Fed) messaging remained highly accommodative.