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- A fairly quiet month for the broad-based S&P Europe 350® belied a wide range of performances in equity sectors and strategies.
- Higher yielding, higher quality and lower volatility equity strategies underperformed, but it was a great month for value investors.
- The bond markets were rattled by a 2-year high in euro inflation, and by the implication that the European Central Bank's stimulus efforts may attenuate in the New Year.
