Market commentary

Strong performance has led to inflows into energy funds, both for traditional energy and renewables.

The energy sector showed strong performance as inflation and oil prices rose.

Markets traded sideways for much of the month as inflation concerns and cryptocurrency market volatility weighed on sentiment.

The composition of oil supply and demand has shifted significantly over the past year.

The duration-sensitive Barclays Agg posted its first positive return of the year in April as long-term interest rates drifted lower.

Interest rate volatility continued to weigh on markets for much of the month.