2012: The Year in Funds

A look at the assets, sectors and styles that have characterised the past year for the UK funds industry

Ruli Viljoen 13 December, 2012 | 1:37PM Muna Abu-Habsa

In a review of the year written at the end of 2011 I concluded with the statement:  "Looking ahead, the outlook remains as murky as ever but the urgency of a eurozone solution means that the potential outcomes are both diverse and binary, and largely dependent on the decisions of politicians and central bankers around the world." 

Well, here we are almost a year later and although it’s fair to say that the outlook still remains murky, the extent to which the European Central Bank has indicated its willingness to support the banking system has provided underlying support to markets and resulted in risk assets once again rallying strongly.

Shares Performances: Sectors, Size and Size

Financials Top the Leaderboard
In sharp contrast to 2011 when financials were one of the worst performing sectors within the equity market, this year they have been one of the best. In the UK, for example, financials are up in excess of 30% to December 10, 2012.

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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Cazenove European Income A Acc196.23 GBP1.20
Fidelity Global Dividend A ACC258.22 GBP0.99
Fidelity Special Situations3,247.41 GBP1.13
Martin Currie European Eq Income A Inc  
Schroder Recovery A Acc164.72 GBP0.99
Standard Life Global Abs Ret Strat Ret75.73 GBP0.33

About Author

Ruli Viljoen

Ruli Viljoen  is head of fund research with Morningstar OBSR.

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