by Richard Parfect, CFA
In our industry there is often a level of expectation placed upon fund managers to fully understand everything that is going on and, worse still, to have Sage like skills in predicting the future. This pressure is heightened should the unfortunate individual concerned be in the public eye or rolled out in front of the media to give comment on events. Of course, the investment industry is not alone in this.
- Global equities fell 1.6% last week
- The S&P has seen seven consecutive weekly declines for the first time since the dotcom bubble burst in 2001
- Brent crude rose 0.9% over the week to $112.6 a barrel
- Gold returned 1.9% to $1846.5 per ounce.