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Indices December 2011 Global indices

Composite

Composite

Global	Dec 11	YTD	%
Composite	-0.05%	-2.01%	100%
Emerging Market Debt	0.04%	2.41%	100%
Emerging Market Equity	-1.44%	-15.04%	100%
Equity	-0.30%	-4.39%	100%
Event Driven	0.11%	-4.50%	100%
Macro	0.05%	1.45%	100%
Managed Futures	0.09%	-2.63%	100%
Single Manager African	0.55%	8.92%	100%

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It does not need a bull market to achieve returns

Chris McGuire, Phalanx

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