Further to the October Fund Fact Sheet, it gives us great pleasure, as promised, to release the November 2018 NAV.
As we have pointed out during the last month’s commentaries, the fund experienced a considerable cash drag which impacted the performance in November. The cash drag of November was 52 % and the return for the month was 0,32% and 10,26% for the year to date. The impact of the cash drag continues to affect performance up to and including February, BUT this changes for the month of March 2019.
Amicorp will do their utmost to deliver the December NAV during next week. The team at EPF is looking forward to releasing the final NAV of 2018 during next week and completing the release of all performance data for the year 2018.
Although 2018 was not the funds best year, due to circumstances which were unfortunately beyond our control, taking everything into account, we remain content with the result for the year. Despite adverse conditions, EPF was still able to deliver a double-digit performance for the year, something which many of our Peers were unable to achieve.
We are confidently predicting from March 2019 that EPF will deliver a considerably higher level of performance for the remainder of 2019 and future years.