Funds end year 19% down - Third Sector: "Charities' strong bias towards UK equities has hit hard, says market analyst
The average charity investment fund ended the year down by about 19 per cent, according to estimates released by market data provider State Street Investment Analytics.
State Street said that many charity investment portfolios suffered badly in 2008 compared with corporate and pension schemes because of their strong bias towards UK equities, which lost 30 per cent of their value over the year."
Wednesday, January 28, 2009
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