Markets to become tougher
Monday 3 May 2004
After a year of “out-sized returns” the markets are returning to a more moderate level, AMP Capital Investors chief investment officer Tore Hayward says.
By The LandlordThere are signs the market is coming off hits highs of 2003: the company’s flagship low, medium and high risk funds returned 2.5%, 2.8% and 3.5% respectively for the March quarter.
While those returns are quite respectable, when put next to the 12 month figures – of 13.6%, 20.4% and 33.1% respectively – the trend towards more moderate gains is clear.
Looking back Hayward says: “All asset classes performed well and investor risk was truly rewarded with growth assets delivering a stellar performance.”
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