Ann: Annual Report to shareholders-NSL.AX, page-116

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    What is the 'J-Curve Effect'

    The J-curve effect is a type of diagram where the curve falls at the outset and eventually rises to a point higher than the starting point, suggesting the letter J. While a J-curve can apply to data in a variety of fields, such as medicine and political science, the J-curve effect is most notable in both economics and private equity funds; after a certain policy or investment is made, an initial loss is followed by a significant gain.


    Read more: J-Curve Effect Definition | Investopedia http://www.investopedia.com/terms/j/j-curve-effect.asp#ixzz4M6DzyqmJ
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