By most measures 2011 was a year to forget for investors. The All Ordinaries Accumulation Index is currently on track for a fall in the order of 10%, while the S&P / ASX 200 Index is looking at a slightly greater fall. This is illustrated in the following charts, which also show an underperformance relative to the Dow Jones Index which is likely to finish the year up around 5%.
Data sourced from Bloomberg, SR
Data sourced from Bloomberg, SR
Unfortunately, after a promising start, the resource sector has fared particularly poorly during 2011 with the S&P / ASX 300 Resources Accumulation Index on track for a fall in the order of 25%.