Profeta Investments achieves positive annual returns in its first calendar year

2022-12-13T06:57:05+00:00

The fund appreciated 5% in November, as our European and Asian companies rebounded from depressed levels. The MSCI World Index only appreciated 0.9% by comparison in AUD as the rising Australian dollar offset the improving equity market. Fortunately, our currency hedges offset this impact as we have a significantly lower exposure to the US dollar [...]