Equity mutual funds hit by volatile stock markets

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Equity mutual funds fell back on average in January on the back of volatile world stock markets whil...

Equity mutual funds fell back on average in January on the back of volatile world stock markets while bond funds posted a rise in value last month, according to figures from Lipper. Overall, equity unit trusts and Oeics in the IMA sector fell by an average of 0.42% in January, their first negative returns since September 2001. Bond funds were up by an average of 1.05% for the month, seeing a recovery from their average fall of 1.9% in December last year. The Far East ex Japan sector was the best performer of all sectors, returning 5.95% during January, followed by the Global Emerging ...

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