We are delighted to deliver the first NAV of 2019.
Although a cash-drag of 46% was in place during January, we remain content with the result of 0,40%
It has taken a little longer than anticipated to release the NAV, and you will notice more discrepancy in the performance of the different share classes. To clarify, this is not investment related, but due to an error with the implementation of the funds hedging strategy. Thankfully, as previously advised, we have a new Board of Directors in place from March onwards who will ensure that incompetence of this nature does not occur again.
Amicorp is working diligently and aiming to release one NAV per week. Next week incorporates a holiday, so we anticipate the February NAV to be released at the latest in week 25.
An improvement in fund performance will be reflected in the March NAV, with the cash-drag diminishing over the following months with a corresponding increase in investment performance reflected in the NAV.
We are happy to note that the inflow of new funds is almost at the previous levels again and thank our investors and supporters for their patience and loyalty.
Looking forward to releasing the February NAV soon