We appear on the cusp of one of the better comebacks since Lasse Virén won the Olympic 10,000 metre race in the 1972 Munich Olympics.
We almost had our 5th down week in 2015. Someone’s Friday afternoon buying in our largest holding saved the day. This is our 24th weekly report for 2015; so far I have only had to report a fall in asset values four times.
The week just completed was the third worst week for our benchmark ASX200 index since the inception of EGP and the first time the market has declined by more than 4% since May 2012. The only two worse weeks for the benchmark since the fund began were in August & September 2011.