INVESTMENT NEWSLETTER
October – The past three months have proved to be very challenging for market participants, with
equities setting new lows for the year in early October and then rebounding strongly. At the same
time US and UK sovereign bonds have rallied, as has the USD, evidencing heightened risk aversion.
Ongoing concerns regarding the Euro-zone sovereign debt crisis and the global macro outlook have
been the primary drivers of this volatility.
October 2011
DOWNLOAD PDF (270k)