For the year 2011, The Setanta Managed Fund returned +0.5%, out-performing the benchmark return of -3.6% by 4%, and being the only Managed Fund in the peer group to post a positive return for the year. For the Managed Fund Factsheet and all other Fund Factsheets, see the ‘PRODUCTS’ section.
A year review of markets. 2011 will be remembered as a year in which fear progressively trumped hope across financial markets. Most major equity markets in both the developed (besides the US) and emerging world ended up in negative territory having mostly been in positive territory in Q1.
A year review of markets. 2011 will be remembered as a year in which fear progressively trumped hope across financial markets.
As concern grows about the budget cuts of €3.8 billion to be announced on December 6, imagine the effects if this number was suddenly more than five times bigger. Imagine the impact on our health budget or education, welfare provision or public sector pay and pensions .
It has dominated the political, economic and market landscape for almost three years, but the eurozone debt crisis remains remarkably misunderstood. It has needlessly been allowed to threaten a global calamity by being framed as a morality tale of the prudent being reluctantly forced to pay for the sins of the reckless, with a starring role for bond traders acting as righteous sheriffs imposing just punishment for the greater good.
