Even As These Shorts Detracted, This Aussie Fund Is Up More Than 60 Percent For 2019Michelle Jones
Regal Funds Management's Atlantic Absolute Return Fund gained 14% in April alone, year-to-date return to more than 60% for 2019. The fund's management attributes the rally in the first four months of the year in part to the Federal Reserve's dovish turn. Additionally, they noted that the Australian market is close to 10-year highs on the back of increasing expectations that the Reserve Bank will cut interest rates.
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