Commenting on the results, the manager noted that the question now facing equity markets is whether the current rally is the start of a more sustainable rally, stating that the key will be a continual improvement in economic data to build on the recent positive figures, in particular, news on consumer spending and the growth in leading emerging markets will be most important. The general improvement in credit market sentiment, a pick up in the flow of credit to the private sector and the very strong investor appetite for recent equity placements are, in the manager's opinion, positive developments for risk assets.
1 year return: +4.7%. Annual (Oct.2005): +8.1%
RTM was established in October 2005 and returned 6.57% in 2008.
