Past performance is not indicative of future results
by Gary Moglione
“Past performance is not indicative of future results” is a regulatory risk warning on most investment oriented material that everyone knows but not many people seem to actually implement into their decision making. A Fund Managers performance can dictate whether they become a hero or villain in the eyes of the public and the press. This then influences investment flows and ultimately determines whether the fund thrives or is liquidated.
- Global equities rose +0.7% last week
- 130 countries and jurisdictions endorsed a new global tax framework that has been in negotiations for many years
- Brent crude was flat for the week remaining at$76.2 a barrel
- Gold rose 0.3% to $1787.3 per ounce