Global equity starts to recover as market sentiment turns positive


The first month of the new year provided a welcome relief for most global equity funds after a year to forget in 2011, with January’s bullish market conditions providing a much-needed boost to many funds whose rolling six and 12-month returns are still strongly negative.

RAB Energy had a good month, posting a 12.40% gain that takes its six-month loss to 10.74% and its 12-month loss to 26.42%. Gondwana made 11.45% in January, reducing its six-month loss to 5.48% and its 12-month loss to 14.46%.

Audley Natural Resources made 11.12% last month, but is still down 27.98% on