Fund update | May 2016
The Odey International Fund finished the month of May up 3.6%. Positive performance came from holdings in the Energy, Financials and Consumer Discretionary sectors, while negative performance primarily came from positions in Commodities, Information Technology and Healthcare.
Who is going to be proved right?
The FTSE is at 6,000, a level it was at five years ago and indeed in 2007/8 and in 2000. So far, we have only lost 16 years. However, the level isn't the cause of interest: it's what earnings have done between 2011 and today. Read more
View the May 2016 fund update: