The Jaguar Australian Leaders Long Short Unit Trust gained +0.06% in April, preserving the Fund's record of generating positive returns for every month in 2009 so far.
This result comes after the Fund gained +13.49% in March, and +12.91% in January this year. During the month the Fund increased its net market exposure from 84% to 99%, adding long industrial stock positions while going short in materials and REITs. The manager acknowledged the Fund's return was affected by the ongoing short selling ban on financial stocks, which reduced their ability to implement their long short strategy. Going forward the manager has identified the sustainability of the current market rally as a key issue facing investors.
