The Saltbush Amalg Market Neutral Fund has reported a negative result for June 2008, bringing the YTD result to a negative 7.86% after all fees. This compares with a decline of 7.8% for the ASX200 for June, and falls of 17.1% since January.
Saltbush's monthly report noted that since the sell off in Australian equities commenced in November 2007, 70% of ASX200 stocks have fallen by greater than 20%, and 30% of ASX200 stocks have declined by over 40%. Against these statistics the Saltbush Amalg fund has declined less than 7% since November 2007.
The Saltbush Amalg Fund is an Australian domiciled equities fund established in January 2004 which invests in Australian equities utilising a medium term strategic portfolio combined with active tactical and derivative overlays. The Fund's objective is to deliver net absolute returns of 12-15% pa regardless of market direction with low risk market exposure and volatility of returns.
