Nonsense! Euro based returns are all that matter to a euro based investor.
Quinn's Fund Prices shows US Freeway as -12% over las 5 years. Not sure of exact dates.
Over last 3 years it is +22%.
Is S and p 500 due for a rise.
Quinn's Fund Prices shows US Freeway as -12% over las 5 years. Not sure of exact dates.
Over last 3 years it is +22%.
[/i]"The statistics are misleading as the dollars weakness over the last few years has distorted matters. "
The statistics are not misleading. In euro terms the s/p is down 12% over the last 5 years. It doesn't matter if it's the currency or the actual index,all that matters is the final result. It is no consolation to the OP that the S/P is rising in dollar terms if the overall return is negative 12%.
Thanks everyone for opinions.
This 22% in 3 years looks good and I think is due to continue if not improve. The dollar performance is another matter but should hardly cause significent loss to us.
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