A matter of Balance

The last quarter of 2007 saw the 'average' private client portfolio in each of the four Arc Private Client Indices risk categories make money, albeit only just for higher-risk portfolios. Certainly, the PCI results suggest that in general the higher the risk profile of the portfolio, the lower the returns recorded. In terms of the range of returns delivered by the 28 PCI data contributors, the dispersion rose significantly in the last quarter of 2007 as financial markets underwent a rollercoaster ride. Table 1 below reveals that even in the Sterling Cautious risk category, there was a min...