Have a look at the attached graph. It shows all of the comparable absolute return funds next to Cadence. It is done over the life of each fund and LIC.
Cadence has an net return of 12pc per annum with a standard deviation of nearly 15pc. This is including the last 12 months, which has been the worst on record. Yes, ALF and WAM are sitting above them, WAM on 17pc and ALF on 13pc, both with large premiums.
I am being contrarian here, but wouldn't a performer like CDM be a better buy at NTA or possibly below, rather than WAM and ALF at 10-15pc premiums? My thoughts are yes.
CDM Price at posting:
$1.24 Sentiment: Buy Disclosure: Held
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Hello all,
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