Daily round-up (21-12-2011)

Daily round-up  (21-12-2011)

The US equity market closed sharply up yesterday, with the S&P 500 rising 3.0%. Driving the more optimistic tone was easing tension surrounding the eurozone debt crisis and signs that the housing market in the US is finding a floor as US housing starts reached their highest level in more than 18 months. Asian markets overnight have followed the trend, with the Nikkei 225 closing up 1.5% and the Hang Seng closing up 1.9%.

In early trading this morning in Europe the FTSE Eurofirst 300 is up 0.5% and the FTSE 100 is also up 0.5%. The European Central Bank’s offer of cheap longer term financing has cheered both bond and equity markets. Yields on 10-year Italian debt are nudging down towards 6.5%.

Source: Henderson Global Investors

Henderson Global Investors is the name under which Henderson Global Investors Limited (reg. no. 906355), incorporated and registered in England and Wales with registered office at 201 Bishopsgate, London EC2M 3AE and authorised and regulated by the United Kingdom  Financial Services Authority) provide investment products and services.

The Henderson Horizon Fund (the Fund) is a Luxembourg SICAV incorporated on 30 May 1985 and regulated by the Luxembourg Financial Services Regulatory Authority.

Atlas JMFS Investments Services Limited (Atlas JMFS) is the Representative in Malta of Henderson Global Investors. Henderson Horizon Fund is authorised to be marketed in Malta in line with the UCITS Directive. Atlas JMFS Investments Services Limited (IS30176), 67 Level 3 South Street, Valletta, Malta is licensed to conduct investment services business by the MFSA, Notabile Road, Attard BKR3000, Malta, and is a member firm of the Malta Stock Exchange, Garrison Chapel, Castile Place, Valletta VLT1063, Malta.

The sub-funds of the Henderson Horizon Funds which have been authorised to be marketed in Malta are eight equity funds and one bond fund.

Investors should remember that the value of investments and any income derived can go down as well as up and past performance is no guarantee to future performance. Any investment decision must be made solely on the basis of the information contained in the prospectus, which is available on request from Henderson Global Investors and may be obtained from the local representative Atlas JMFS.