I made a post in the other thread, one point one your back of envelope though.. according to XE.com on 1 July 2015 to 31 July 2015 the USD/AUD fell from 76c to 73c not the 37% you have noted.
At its lowest the AUD was around 68c which would be a 10% fall (at its most extreme) from the currency price when the fund started investing the cash. It is now back to around 72c the same rate that the first NTA update was provided in July 2015 and interestingly the NTA is back to $1.95.
So overall, where did the money go perhaps not so much the question.. why were there no gains though? In almost 12 months the NTA has gone backwards in what should be a stable type fund.
Things look to have turned recently.. will see if the trend continues.
Where did the money go?, page-3
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