Aon Hewitt Ireland, a unit of Aon plc, said on Thursday that the Aon Hewitt Managed Fund Index, an index of traditional Irish pension managed funds, increased by 0.4% in December. This has contributed to the index delivering a positive return of 16.3% since the beginning of 2013.
US equity markets maintained the last three months' positive performance on the
back of improved economic data. The Standard and Poor's 500 Index gained 2.4% in
December, resulting in the index closing the year at its first all-time high
since 1999. The equities benchmark soared 30% in 2013, its largest annual gain
since 1997. Global equities rose 0.7% in euro terms in December, closing the
year up 19.3%, as measured by the FTSE World Index. The Chicago Board Options
Exchange Volatility Index, also known as the VIX, measures the market's
expectation of stock market volatility, fell 24% in 2013, its largest decline
"Markets have reacted positively to the news that
the Federal Reserve will begin to taper its bond purchasing. Following the
announcement, the US Dollar rallied, reaching its highest level against the yen
in over five years and US major stock market indices advanced," commented
Cathal Fehily, investment consultant with Aon Hewitt.
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