The last quarter of 2016 saw a strong end to the year for equity markets. This was also reflected in our funds, which generated solid returns in the quarter, and over the full year.
In our global developed market funds, the US exposure was a major contributor to the fund performance. Our US value stocks performed very well this year, while Europe and Japan lagged. Having said that, our European Value Fund significantly outperformed its benchmark. Meanwhile, our emerging market funds were the best performers in our fund range, with returns in excess of 20%.
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