Emotions Cloud Market As Global Equities Hit Investment Performance
For the second consecutive quarter property and bonds turned in strong returns while offshore equity markets continued to fall.
Thursday, July 25th 2002, 8:40AM
by The Landlord
By contrast global equities had a tough quarter with active and passive funds returning -12.5% and -18.3% respectively. Chief investment officer Chris Wozniak suggested that emotions were clouding analysis as he noted the increasing contradiction between the global economy and equity markets.
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