PGF 0.44% $2.28 pm capital global opportunities fund limited

I suspect the actual stock selections performed pretty much in...

  1. 305 Posts.
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    I suspect the actual stock selections performed pretty much in line with the MSCI World Index for the two months to 31 May. The underperformance is probably due to the $A rise against the 65% (ave) of the portfolio in foreign currencies and the 5% (ave) short position. Perhaps a better question would be why, with a greater percentage in foreign currencies, falling $A and double the short position, the company didn't perform better versus the MSCI in the two months to 31 March.
 
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