The Contrarius Global Equity Fund's retail class shares returned -8.9% for the second quarter, versus the MSCI World Index's 0.3% gain and the -0.5% return for the average global equity fund. Year to date, the Contrarius fund is down 11.5%, versus gains of 14.2% for the MSCI and 11.4% for the average global equity fund.
Background on Contrarius
The Australia-registered fund with over $1.5 billion in AUM aims for a higher total rate of return than the global equity markets' average based on the MSCI World Index, including dividend reinvestment and net of withholding tax. The actively managed fund targets...