Against a background of wide variations in asset returns in 2002 the FTA World Equity Index fell by 20%, whilst JP Morgan's EMBI index rose by 14% the LTP Trade Finance Index, which measures the total return on a representative basket of trade finance assets, returned a solid 5.03% overall in 2002.
Whilst this was lower than 2001's performance, when the Index returned 8.4%, it was nevertheless better than putting your money on a rolling deposit which returned 3.14% in US Dollars in 2002, and the volatility of the Trade Finance Index which measures the riskiness of the returns achieved was just 0.84%, compared to a volatility of over 16% on...
