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Abundant nebulosity at Aberdeen Fund Managers
[16 July 2015] More fog from Aberdeen Fund Managers Limited, renowned jargon specialists of the financial services world. In their annual short report to folk who invest in the Aberdeen Multi-Manager Constellation Portfolio, they say:
‘Global equities rose strongly over the period under review, supported by loose monetary policy and abundant liquidity. While the rise in equity indexes suggested a period of steady gains, in reality there were significant sector and style rotations that impacted portfolio returns.’
Sector and style rotations, indeed! Language like this leads everyone a merry dance.