Volatility in the eurozone leads to poor returns in equities


With worries about the eurozone financial crisis bringing extreme volatility to markets, it was not surprising that European equity was the second-worst performing category among the Investhedge indices in 2011, the median weighing in at -7.32%.

Rothschild’s Blackpoint European ended the year down by 9.53%. Positive contributions for the year came from JP Morgan Europe Dynamic, managed by Jonathan Ingram, John Baker and Anis Lahlou-Abid, which was up 10.2% on the year, and OCCO Eastern European, which ended the year up 5.43%.

The fund’s biggest holding, BlackRock UK Emerging Companies, had a reasonable year, ending 2011 at -0.45%,