Understanding Equity Markets
Source : Charities ManagementPublish Date : 10/04/2006
Author : Oliver Boyle
The sharp fall in equity prices in 2000 and the ensuing bear market caused real financial hardship for charities. Many charities had not married their investment policy to their needs. They believed that a 100% investment in equities was the norm. A move toward focusing on risk management, as opposed to investment return, slowly appeared - things like benchmarks entered their world.
This episode triggered the regulators and the Charity Commission to issue guidelines to trustees about the need for prudence and to buy in financial expertise....
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