Just another fund pertaining to be able to out perform the benchmark although in reality is disastrously under performing. The Ellerston website claims 3.18% under performance against the benchmark index of MSCI Asia ex Japan. However a comparison rate on Bloomberg has them trialing that benchmark by 20%.
Something has got to be done with regards to the home websites of LIC's & funds managements companies just outright lying about performance.
Check for yourself, to go the below, find the Ellerston Asian LIC as a comparison, and see the 17% loss against the benchmark for yourself.
Charlatans, hustlers, looking for a bigger pool of money to manage to get a bigger cut form the fixed management fee, & they sure as S cant beat the index.
