Investment Commentary – December 2013

December 9, 2013

November saw mixed returns for global markets as the momentum from October faded. Equities continued the uptrend, particularly in developed markets, with Japan, North America and Europe generally posting positive returns in the main. The standout performer was the Nikkei, adding +9.31%, with the German and Portuguese bourses both trading up over +4.00%. Emerging markets however all fell, with the exception of the Shanghai Composite (+3.68%).

Investment Commentary Dec 13


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