Upside Down
by Gary Moglione
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.
Market Snapshot
- Global equities gained 5.6% last week
- Most global markets saw positive gains following declines in recent weeks
- Brent crude rose 0.1% last week to $119.4 a barrel
- Gold rose by 0.4% to $1853.7 per ounce.