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Ruffer: Martians would be puzzled!
by Sarah Miloudi on Mar 08, 2013 at 07:41
In February the pair delivered a 1.1% gain in net asset value, versus the FTSE All Share's 2.3% rise on total return basis.
The Ruffer team said its positive returns over the last half-year proved the deadlock was over, adding RIC's exposure to Japan had played a large part in this.
The month's 4% fall in sterling also helped and provided a decent tailwind because 40% of the trust's assets are skewed away from the falling currency.
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on May 24, 2013 at 11:32