Comments:

So all the returns for the market this year happened in November 2011, its incredible how if you were heavy on cash during that period that you would’ve completely missed out. There was a broadbased recovery in the Agro & Food industry, financials and resources as fears over the euro crisis subsided. We noted what an underperformer the resources sector has been this year and wouldn’t be too surprised to see it continuing to perform well given oil prices remaining at the 100 levels.