GMO: Fourth Quarter 2011


The International Active Strategy narrowly underperformed the MSCI EAFE index in the fourth quarter; the strategy gained 3.2% and the benchmark rose 3.3%. Negative country selection was somewhat offset by positive stock selection. The strategy beat its benchmark by 0.5 percentage points for the year 2011, returning -11.7%.

gmo performance chart
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GMO: Fourth Quarter 2011