- 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
*Ed worked at Ruffer until September 2021
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.
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