The timing of the NAV pricing had a meaningful impact on performance this month. The cut-off of the NAV impacts short-term performance when the US market and currencies move significantly on the last day of the month. Returns relative to the comparator this month therefore appear about 5% better than those achieved in the underlying portfolio.
Institute of Financial Planning Limited
Registered in England: Whitefriars Centre, Lewins Mead, Bristol BS1 2NT
Registered number: 2109630, VAT Number: 489201333
CFPCM, CERTIFIED FINANCIAL PLANNERCM and CFP logo are certification marks owned outside the U.S. by Financial Planning Standards Board Ltd. Institute of Financial Planning is the marks licensing authority for the CFP marks in the United Kingdom, through agreement with FPSB.
Copyright © 2012 Institute of Financial Planning Ltd. All rights reserved. Site by Function Design.
