Our monthly update for June 2021 is now available.
June was an extremely strong month, with the Fund up 19.8% (net, after fees and expenses). That saw the Fund bounce back from May's loss and post a net return of 7% for the first quarter of this financial year.
We don't look for, or expect, or want, quite this amount of month-to-month volatility but sometimes it's what the market delivers. But if you have a longer investment horizon (and we recommend investors in the Fund think in terms of a three to five year investment horizon) then this short-term volatility does just become noise and the signal (the annual returns) becomes clearer.