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Actuaries & Investment Consultants
Ground Floor, 14 Exchange Quay
Salford Quays, Manchester, M5 3EQ
Tel.: 0161 873 9350, Fax: 0161 877 4851
email: enquiries@jaggerandassociates.co.uk
Each month we publish Investment Update, a 4-page digest of investment news, market performance, statistical analysis
and comment for pension fund and charity Trustees, and senior company management.

The most recent issues are available on the following links (typical file size is about 300KB). Please note that Updates
before June 2002 refer to our old address and contact details. Our current address and relevant contact details are
displayed at the top of this page and in ‘Contact us’.
Month
Feature Section
The Eurozone
Stock Lending
Fundamental Indexation
Inflation Expectations since 1987
European Equities
High Yield - Default & Recovery Rates
Forestry
Commodities - a sector view
Debt to GDP ratios
UK Commercial & Residential Property
Implied default & recovery rates for Corporates & High Yield
UK ILGs, US TIPS
Previous Updates are also available by request: please e-mail the following address,
investment.update@jaggerandassociates.co.uk , specifying which month’s Update you require. Please provide your
company details (e.g. name, address and telephone number).
This e-mail address is also valid for any queries or comments on Investment Update.
Investment Update
Incorporated in England with limited liability. Registered number 3787206
Registered Office: Jagger & Associates Limited, Ground Floor, 14 Exchange Quay, Manchester M5 3EQ
Regulated by the Institute and Faculty of Actuaries in respect of a range of investment business activities
© Jagger & Associates, April 2011. All rights reserved.