Weekly Best Performing Sectors 06-Jan-13 to 12-Jan-13
Surprisingly, European equity funds occupied most of the positions in the "Weekly Best Performing Sector" last week. UK FTSE 100 Index, Germany DAX Index and France CAC 40 Index booked +0.52 percent, -0.78 percent and -0.64 percent returns in the previous week. However, Euro rebounded by 2.30 percent against U.S. Dollar as ECB kept the interest rate unchanged unexpectedly and boosted the returns of European equity funds.
Currency played an important role in Japanese equity funds as well last week. Japan Nikkei 225 Index rose by 1.06 percent last week, however, depreciated Japanese Yen (-1.17 percent against U.S. Dollar last week) offset the gains in Japanese equity funds.
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