RV Capital 1H20 Letter: Business Owner TGV vs. the DAX – ValueWalk Premium
RV Capital DAX

RV Capital 1H20 Letter: Business Owner TGV vs. the DAX

RV Capital Co-Investor Letter for the first half ended June 2020, titled, "Business Owner TGV vs. the DAX."

Dear Co-Investor,

The NAV of Business Owner was €777.13 as of 30 June 2020. The NAV increased 4.5% since the start of the year and 683.2% since inception on 30 September 2008. The DAX was down 7.1% and up 111.1% respectively. The percentage changes differ from the changes in NAV due to disbursements from the fund related to taxes.
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