BluBay Visio Actinio comment - Jun 05 - Fund Manager Comment28 Jul 2005
General
The managers have decided that going forward they will only comment on a quarterly basis.
Performance
For the second quarter the fund has achieved a return of 8.3% while the All Share and Financial & Industrial indices have increased by 7.4% and 6.2% respectively. Following the strong performance of the Resource index over the last six months, the All Share index returned 44% and the Financial & Industrial index 47% over the last 12 months.
Outlook
Whilst we are positive about the prospects for equity as an asset class, we continue to invest in high dividend yielding shares and shares that are supported by a solid book value of assets.
BluBay Visio Actinio comment - Mar 05 - Fund Manager Comment21 Apr 2005
The fund has achieved a return of 46.5% for its first year. We do not expect this level of performance for 2005, but we are optimistic about the prospects of the portfolio. For the first quarter of 2005 the fund achieved a net return of 0.23% against the Financial and Industrial index return of 0.5% despite excellent earnings growth being reported. This should be seen in the light of the extraordinary market performance in Q4 of 2004. At the end of March our net equity exposure is 71%.