US market wrong-foots global equity managers in H1
The majority of global equity funds underperformed the market in the first half of 2012, with many managers wrong-footed by the US outperformance.
Some 336 funds trailed the MSCI World index, in dollar terms, out of a universe of 560 funds screened by Style Research, providing a median negative return of 0.3%. The findings said: "The majority...
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