UK - Balanced funds registered a -12.6% median return during the third quarter of 2001, the worst result on record since the -15.2% return for Q3 in 1990, according to the latest CAPS pooled pension fund survey.
The fall in balanced fund returns reflected the dramatic decline in equities world-wide during Q3, with the FTSE All-Share index posting a -13.5% return. Within this, large cap stocks provided the ...
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