fedex zone chart 2018 origin form zip code 32805

After rising early in the year, stocks fell sharply for five straight months through September, then posted a late rally as European leaders Market factors most influenced the global equity markets as a whole during the year ended December 31, 2011?Įxtremely volatile in 2011, as the European sovereign debt crisis cast a shadow over the global economy. Still scarred by the 2008 crisis, market participants reacted to adverse developments by fleeing deemed risky assets, with financial stocks being affected But even after the Index rose 3.33% in the fourth quarter, most markets were still down for the year. Equity market correlations were very high, as stocks generally traded in tandem based on perceived sensitivity to global macroeconomic issues, with little regard to company-specific strengths or weaknesses. Managers struggled to beat their benchmarks. The market environment in 2011 was particularly unforgiving for value investors. How did the country allocations affect relative Fund performance during the year ended December 31, 2011? Of the year, equity investors fled from risk, in the process punishing the cheapest stocks in the market, which were viewed as the riskiest of all. The Funds country allocations are primarily a result of the bottom-up stock selection process. For the year, country and currency selection both contributed positively to relative returns. Overweight to the UK, and underweights to Sweden and Greece contributed positively to the Funds relative returns, while an underweight to Switzerland and Spain detracted. The Funds overweight to the Japanese yen, euro and British poundĬontributed positively to overall relative Fund performance, while an underweight to the Australian dollar detracted from performance.

Fedex zone chart 2018 origin form zip code 32805