Investable indexes - December 2008

The MAP (Multi Asset Platform) Fund returned a positive 0.7% in December 2008 with six of the eight asset classes showing positive returns. Emerging bonds were up 8.5%, global real estate by 8.1% and emerging equities by 7.8%. These were the best-performing asset classes. The worst-performing asset class was commodities, down 6.1%, followed by hedge funds, down 1.0%. Over the five years to December 2008, the MAP strategy has generated 2.4% annualised returns with volatility of 8.5%. The Frontier