We are pleased to release NAV for August 2018. Although the performance is lower than usual we are actually very happy with the result of 0,69 %.
For the month of August the fund continued to suffer from a cash-drag and had a liquidity ratio of 59 % ( including the 10 % statutory liquidity ) which is not an ideal situation. At this moment we are working diligently to place our new deals as quickly as possible.
We are extremely happy that the fund has enjoyed its best inflow ever which does cause some concern because of the cash-drag, however, this will soon be compensated immediately the placements are made. We are now working hard to have the September NAV released in a few weeks.