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Independent Value – 2013 End of Year Commentary

2013 has turned out to be an excellent year for those invested in equities generally, with such representative indices as the S&P 500,  the FTSE 100 and the STOXX Europe 600 up approximately 32%, 22% and. 17% respectively. The Independent Value Portfolio, established on 24 October 2013, remained 100% in cash for the period to … Continue reading