Your Money: Diversification still the best bet
Bernard Swords of Goodbody Stockbrokers gives his views on the coming year for the markets and the global economy.
Last year was one of considerable risk aversion but, as we begin 2012, things are looking somewhat better. The ECB has become much more aggressive: it has cut interest rates twice and is now providing up to three years of funding for the eurozone banks.
The result of these policy changes has been the significant reduction in three- and five-year bond yields, by between 1 per cent and 2 per cent, in the peripheral countries in Europe.
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