Global equities reversed a two-month trend of negative returns during a generally positive July characterised by renewed risk appetite.
The MSCI India advanced 0.73%1 in July as quarterly earnings results were mixed and did not manage to excite the market.
Asia’s rapidly developing economies create a conducive environment for smaller businesses to flourish. Small businesses are typically less researched than large firms: almost half of all small caps ge...
The Portfolio underperformed its benchmark for the month and for the year to date.
Trading in the Portfolio was active during the month, as we exited several names and adjusted position sizes around earnings results and stock movements.
In the UK, Land Securities released an upbeat Interim Management Statement, announcing it would start the first large retail development since the global credit crunch began.
The Fund declined 3.7% (bid-to-bid basis) in June, underperforming its benchmark by 3.7%
The MSCI India advanced 4.29% in June fuelled by macroeconomic data as the government announced on the last day of May a stronger than expected 8.6%2 growth in GDP for the three months ended March fro...


