A torrid year
After three months of significant losses, the stock markets managed a positive return (+1.06%) in December, with volatility remaining high (40%), albeit down to two-thirds of November’s level. Over the year, the S&P500 index registered a record loss of 37%.
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IPE covers a good variety of very current and relevant topics. It is good to read the high-level, independent and objective perspectives from pension funds in other European countries; many of them are dealing with the same issues as we are, so it is interesting to learn from their experiences, especially when they are ahead of where we are on the curve.
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