Managed Accounts 2nd Quarter Performance Update

Wednesday, June 30th, 2010

A very quick update to let you know that our average performance for the quarter was -0.77%. Over the same period the ASX 200 index was down by -11.2%. This means we beat the index by 10.43% for the quarter and has brought our outperformance since inception to an all time high of 25.12%

Some colleagues of ours who are money managers expressed frustration at how tough a quarter it was for managed funds generally. One manager complained that it was especially hard for him during this quarter as under his mandate he has had to stay 75% invested at all times!

Overall, it was a very difficult, unpredictable quarter given the fallout from the European debt crisis and the resulting volatility, however we managed to come out virtually unscathed due to some well timed entries and exits.

We will issue a more complete update in the coming days. Those of you reading this who are clients can expect your end of quarter and end of year tax statements in the next couple of weeks.

Tags: Buy Shares, Managed Accounts, Managed Funds, Managed Share Investments, sell shares, Share Trading Recommendations

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