Within the U.S. equity space, over the last five years active equity managers in all the categories failed to outperform the corresponding benchmarks with the exception of large-cap value.
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Boutique operational ranches have also performed relatively well, appreciating modestly in value every year on average over the past decade with the lone exception of 2009, when values dipped slightly.
All sectors of the market - with the exception of ceramics - witnessed rising prices, with growing precious metal values pushing up the value of silver and jewellery.