The NIC Fund performance commentary for the month June 2012 is now available here.
June started with below expected non-farm payroll figures in the US, as well as bleak manufacturing data in the UK and fears of a Chinese economy slowdown. Yet, the resolution of the political stalemate in Greece with the formation of a pro-austerity majority government, amid a clarification of the Spanish banks’ financial position and the guarantee of a credit line for their recapitalization put an end to the most pressing issues weighing on the investors’ confidence.
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