- Global Financial Data Inc
- Global Financial Data Inc, Ruffer analysis
- S&P, Dow Jones, Bloomberg, 30 October 2020
- Bloomberg 9 November 2020
- Global Financial Data Inc
Chart 1, 2, 5 Global Financial Data Inc
Chart 3 Bloomberg, Morgan Stanley and Ruffer analysis. Assumes bond exposure is all to the benchmark 10 year issue. Data as at November 2020.
Chart 4 Robert J Shiller, Princeton University Press
Chart 6 Ruffer, FactSet, MSCI World TR Index, unhedged returns in GBP, Bloomberg Barclays Global Aggregate TR Bond Index, unhedged returns in GBP. Assumes quarterly rebalancing. Data from 30 June 1995 to 30 September 2020.
Percentage growth % Ruffer £ 2005:18.2 | 2006:7.6 | 2007:4.8 | 2008:-0.3 | 2009:30.1 | 2010:10.5 | 2011:6.1 | 2012:3.8 | 2013:11.5 | 2014:2.8 | 2015:3.2 | 2016:8.4 | 2017:0.3 | 2018:1 | 2019:0.4 | 2020:11.2 | Bloomberg Barclays Global TR £ 2005:5.6 | 2006:-2.2 | 2007:-0.8 | 2008:17.5 | 2009:26.5 | 2010:7.6 | 2011:5.2 | 2012:1.4 | 2013:-2.9 | 2014:1.1 | 2015:3.5 | 2016:26.9 | 2017:-4.4 | 2018:1.5 | 2019:13.9 | 2020:1.3 | MSCI World TR £ 2005:22.2 | 2006:8.7 | 2007:11.6 | 2008:-15 | 2009:9.6 | 2010:8.9 | 2011:-2.7 | 2012:18 | 2013:20.6 | 2014:12.7 | 2015:2.1 | 2016:30.6 | 2017:15 | 2018:15.1 | 2019:8.4 | 2020:5.8
Ruffer performance to 30 Sep % 1996:15.4 | 1997:17.8 | 1998:13.9 | 1999:8.9 | 2000:13.6 | 2001:4.6 | 2002:4 | 2003:16.2 | 2004:8.5 | 2005:18.2 | 2006:7.6 | 2007:4.8 | 2008:-0.3 | 2009:30.1 | 2010:10.5 | 2011:6.1 | 2012:3.8 | 2013:11.5 | 2014:2.8 | 2015:3.2 | 2016:8.4 | 2017:0.3 | 2018:1 | 2019:0.4 | 2020:11.2
Ruffer performance is shown after deduction of all fees and management charges, and on the basis of income being reinvested. Please note that past performance is not a reliable indicator of future performance. The value of the shares and the income from them can go down as well as up and you may not get back the full amount originally invested. The value of overseas investments will be influenced by the rate of exchange. Calendar quarter data has been used up to the latest quarter end. This document, and any statements accompanying it, are for information only and are not intended to be legally binding. Unless otherwise agreed in writing, our investment management agreement, in the form entered into, constitutes the entire agreement between Ruffer and its clients, and supersedes all previous assurances, warranties and representations, whether written or oral, relating to the services which Ruffer provides.
MSCI. The MSCI information may only be used for your internal use, may not be reproduced or redisseminated in any form and may not be used as a basis for or a component of any financial instruments or products or indices. None of the MSCI information is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. Historical data and analysis should not be taken as an indication or guarantee of any future performance analysis, forecast or prediction. The MSCI information is provided on an ‘as is’ basis and the user of this information assumes the entire risk of any use made of this information. MSCI, each of its affiliates and each other person involved in or related to compiling, computing or creating any MSCI information (collectively, the ‘MSCI parties’) expressly disclaims all warranties (including, without limitation, any warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose) with respect to this information. Without limiting any of the foregoing, in no event shall any MSCI party have any liability for any direct, indirect, special, incidental, punitive, consequential (including, without limitation, lost profits) or any other damages. (msci.com)
The views expressed in this article are not intended as an offer or solicitation for the purchase or sale of any investment or financial instrument, including interests in any of Ruffer’s funds. The information contained in the article is fact based and does not constitute investment research, investment advice or a personal recommendation, and should not be used as the basis for any investment decision. This document does not take account of any potential investor’s investment objectives, particular needs or financial situation. This document reflects Ruffer’s opinions at the date of publication only, the opinions are subject to change without notice and Ruffer shall bear no responsibility for the opinions offered. Read the full disclaimer.