14
December
2011
November was one of those months where the conservative part of our portfolios (fixed interest) performed poorly at the same time as the growth part. Concerns over European Bond markets weighed heavily on the European Inflation linked bond fund (although this has since substantially recovered). The net effect being the underlying fixed interest funds have slipped in the second half of 2011.
On the heels of the exceptionally strong rebound in October, it was hardly surprising that November saw a sideways move in growth assets. The notable exception being gold which continued to provide a hedge against risk when it was needed most.
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