pathetic, page-3

you have to compare apples with apples.

so multiply the nav on 31 oct by the aud/yuan cross rate on that date and compare with the similar calculation for 30 nov.

31 oct .... 1.01 * 5.37 = 5.42

30 nov ... 1.14 * 5.23 = 5.96

the percentage gain over the month (corrected for currency) is (5.96-5.42)/5.42 * 100 = 9.96%

compare this with the gain in the benchmark of 13.17%

... so they haven't beaten the benchmark over the last month.



this fund needs to be converted into an index fund.