Proactive investment is the way forward

As advisers begin to review the performance of client portfolios in 2008 the final figures are unlik...

As advisers begin to review the performance of client portfolios in 2008 the final figures are unlikely to make good reading. Most clients will already be fully aware of how much money they have lost over the past 12 months but looking through the IMA sectors shows the need for true portfolio diversification and asset allocation. Based on Morningstar's statistics for the 12 months to 8 December 2008, on a mid to mid basis with income reinvested, the average global bond fund was up 13.1%; Europe was down -34%; North America -23.8; Global growth -30.8; Emerging markets -43.4%; UK All Comp...