Our performance letter for quarter 3 was delivered to holders this morning.
We closed out the quarter with a gain of 6.70%, which whilst a very sound result, left us trailing considerably the market performance of 10.46% over the same period.
As always, I would remind readers of the hazards of measuring lumpy results over weeks, quarters halves or even single years. Equity investing really takes a 3 to 5 year horizon to determine how well performance against any measure is tracking.
I hope you all find time to spend with your friends and families over the long weekend – Tony Hansen 03/04/2015
|
|
Apr 1st 2011 |
Jul 1st 2014 |
Current Price |
Since July 1st 2014 |
Since Inception |
|
EGP Fund No. 1 |
1.00000 |
1.56145 |
1.66624*1 |
6.71% |
81.80%*2 |
|
35632.05 |
45991.23 |
52071.17 |
13.22% |
46.14% |
EGP Fund No. 1 Pty Ltd. Up by 6.71%, trailing the benchmark by 6.51% since July 1st 2014. Since inception, EGP Fund No. 1 Pty Ltd is Up by 81.80%, leading the benchmark by 35.66% all-time (April 1st 2011).
*1 after 31May 2013 dividend of 2.333 cents per share plus 1.000 cent per share Franking Credit & 31 May 2014 Dividend of 7.000 cents per share plus 3.000 cent per share Franking Credit
*2 calculated based on dividends reinvested
