Avenir Value Fund 3Q16 Commentary, Up 13.1% YTD; Gains On El.EnVW Staff
Avenir Value Fund commentary for the third quarter ended September 30, 2016.
The Avenir Value Fund (the “Fund”) increased 13.5% in the September 2016 quarter, gained 13.1% in the calendar year-to-date and has returned 90.8%, net of fees and expenses, since the Fund’s inception in August 2011. By comparison, the ASX All Ordinaries increased 5.3% in the quarter, 6.9% year-to-date and 52.6% since Avenir Value Fund's inception. The MSCI World Total Return index returned 7.5% for the . . .
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