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Pacific is top performer of 2004

Pacific and emerging markets along with property, UK and European equities were the top-performing sectors of 2004. Pacific equities returned 20 per cent, followed by emerging markets, up by 17 per cent, and property, up 16 per cent. Russell/Mellon says pension fund performance was boosted, with the average fund delivering an estimated 10 per cent return over the year.

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