A year hyped as the start of a great rotation from bonds into equities actually saw more of a trickle out of fixed income, but it was not plain sailing for bond funds.
Equities had a better time of it, hitting record peaks (though not when adjusted for inflation), with the US leading the way as the world's largest economy finally flexed its muscles and produced some decent growth figures. UK plc followed suit, with the FTSE 100 climbing 14% year to date, although this was some way behind the US, where the S&P 500 and the Dow climbed 24% and 28% respectively, in spite of a December dip as some of the froth came off the market. Although there has been no great exodus from fixed income funds, the sector has had a much tougher 2013, with the US's move t...
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