Irish managed funds down 2.8% in October

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IRELAND - Irish managed funds were down 2.8% in October, the first monthly decline since February, as the markets slumped on the back of investors' concerns over government stimulus measures, Hewitt Associates said.

According to the Hewitt Managed Fund Index, the average Irish managed fund is now up 14.2% for the year ended October 30. The average return for the 12 month period is 6.11%. Hewitt investment c...

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