| Report Date | |
| Manager | |
| Fund Name | |
| Strategy | |
| Latest Return Date | |
| Latest Return | |
| Latest 6 Months | |
| Latest 12 Months | |
| Latest 24 Months | |
| Annualised Since Inception | |
| Inception Date | |
| FUM (millions) | |
| Fund Overview | |
| Manager Comments | The biggest contribution to performance was from the US Banking position in Bank of Internet. The other large gain came from the Japan drugstore. The strengths of the Fund's risk management process was evident in July as China was again the largest detractors. However the stop-losses triggered by the falling market meant the Fund suffered much less pain there than it might have. The recovery in Europe saw the Fund lose money on their hedges. The Fund had over 52% of their equity exposure in North American and over 28% in the Financial Sector. Click below to read the Fund Manager's monthly report and their August outlook of the market. |
| More Information |
