Monthly Fund Update March 2015
April 29th, 2015
The Odey International Fund returned +3.8% against the MSCI World Index Daily TR Net Local of (0.4%) for March 2015. The strong performance for the month was mainly driven by the active currencies (+3.4%), predominantly due to the AUD/USD position. Positive performance came from our holdings in Non-Energy Minerals (+1.1%), Consumer Durables (+0.5%) and Producer Manufacturing (+0.5%); whilst our holdings in the Consumer Non-Durables (-0.9%) sector disappointed.
To read more of the March Monthly Fund Update, please click here.