Pru Global Basics Fund update
Risk-averse investors favouredstocks that are perceived as less volatile and this was beneficial for the Underlying Fund’s holdings in more cash-generative companies.
Risk-averse investors favouredstocks that are perceived as less volatile and this was beneficial for the Underlying Fund’s holdings in more cash-generative companies.
Schroder ISF GEM Opportunities update
The MSCI World index delivered negative returns in June as investors reduced risk amid fears that the global recovery was losing momentum.
The MSCI World index delivered negative returns in June as investors reduced risk amid fears that the global recovery was losing momentum.
United Gold and General Fund update
In June 2010, the United Gold and General Fund declined 0.8% as compared to the 1.74%2 fall in the composite benchmark index (70% FT Gold Mines Index and 30% HSBC Global Mining Index).
In June 2010, the United Gold and General Fund declined 0.8% as compared to the 1.74%2 fall in the composite benchmark index (70% FT Gold Mines Index and 30% HSBC Global Mining Index).
United Commodities Plus Fund update
The United Commodities Plus Fund was largely flat with a small decline of 0.89% in the second quarter of 2010.
The United Commodities Plus Fund was largely flat with a small decline of 0.89% in the second quarter of 2010.
Schroder Asian Growth Fund update
Equity markets were hit by the sovereign debt crisis in Europe, a slowdown in Chinese growth and increased concerns of a “double-dip” in global economic activity.
Equity markets were hit by the sovereign debt crisis in Europe, a slowdown in Chinese growth and increased concerns of a “double-dip” in global economic activity.
Schroder ISF Emerging Markets Debt Absolute Return update
Schroder ISF EMD Absolute Return maintained a very defensive positioning during the quarter under review.
Schroder ISF EMD Absolute Return maintained a very defensive positioning during the quarter under review.
Schroder Singapore Trust update
The Fund delivered a positive return over the month, although it lagged behind its benchmark (MSCI Singapore, net of dividends).
The Fund delivered a positive return over the month, although it lagged behind its benchmark (MSCI Singapore, net of dividends).
Schroder Multi-Asset Revolution update
Given the high degree of uncertainty around earnings growth for equities, we are still cautious and underweight equities as our outlook remains for growth to disappoint in 2010.
Given the high degree of uncertainty around earnings growth for equities, we are still cautious and underweight equities as our outlook remains for growth to disappoint in 2010.
