Fund update | August 2015
At 31 August 2015, the Fund returned +6.0% against the MSCI World Index Daily TR Net Local return of -6.7%.
Positive performance came from our holdings in Consumer Discretionary (+4.2%), Energy (+1.4%) and Materials (+0.9%). Our holdings in the Information Technology (-0.8%) sector disappointed.
Individual best performers this month were Las Vegas Sands (+1.3%) and Sands China (+0.9%); the worst were Sky (-0.8%) and LM Ericsson Telefon (-0.4%). Read more