Financial Adviser, July 20th, 2006
It has definitely been a torrid time for markets over the past couple of months. From the FTSE 100's high of 6132.7 in April we have been through a market correction which was nearly 10 per cent down from this high at 5532 on 22 May. Since then, markets have continued to be volatile, with the more speculative areas -" such as commodities and emerging markets -" being hit the hardest.
It is an appropriate time to look at closed-ended investment companies with absolute return strategies and, with perfect timing, we hosted a journalist lunch looking at these trusts at the beginning of May. But...
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