alison cratchley

The three months to the end of October 2008 were grim for investors in European equity funds. In th...

The three months to the end of October 2008 were grim for investors in European equity funds. In the mainstream sector, the median pan-Europe fund lost 23.4% while the median Europe ex-UK and Euroland funds lost, respectively, 24.3% and 24.6%. This brought the year-to-date losses to 39.1% for pan-Europe, 39.2% for Europe ex-UK and 40.8% for Euroland. Investors in European small-caps fared even worse. Over the three months to the end of October the median pan-European smaller companies fund lost 30.8% and its ex-UK counterpart 30.9%. This brought year-to-date losses to 45.0% and 43.9% re...