This Billion Plus AUM Contrarian, Valuation-Based Fund’s Top Holding Is Tesla: Here’s Why

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Michelle deBoer-Jones
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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...

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Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.