Agora's Absolute Return Fund was down -3.19% in November, compared to the S&P/ASX 200's return of -6.20% in the same period. This result brings the fund's YTD performance to -14.05%.
Agora is expecting economic indicators to remain negative into 2009, and is thus continuing to be conservative in its approach, i.e. they will continue to operate with a low level of exposure to the equity market. Agora's leveraged Absolute Return Fund returned -4.02% in November, and is down -12.98% YTD.
