Fund Name Changed - Official Announcement19 Jul 2017
The MI-PLAN IP Worldwide Macro Fund will change it's name to Mi-PLAN IP Worldwide Macro Fund, effective from 19 July 2017
MI-PLAN IP Worldwide Macro comment - Mar 17 - Fund Manager Comment26 Jun 2017
Your fund has enjoyed a strong start to 2017. During the first quarter, a number of technology stocks surged ahead with returns in excess of 20% in dollar terms. NetEase, Adobe Systems, Facebook, Apple and Amazon all delivered strong returns. During the quarter we expanded the local stock universe to include a range of rand hedges that delivered strong returns as the currency blew out. In broad terms, the rand hedge stocks delivered positive returns of between 10 and 20% (BAT, Mondi, Naspers, Discovery, Glencore) while technology declined by around 20% (EOH & AdapitIt).