The Altrinsic Global Equities Trust (Net Returns) gained 1.8% in October, underperforming the 4.5% gain by the MSCI All Country World ex-Australia Index. The financial and utility sectors contributed the most to return, while information technology, consumer discretionary, and industrials detracted from performance.
• In financials, Indian bank ICICI saw its share price increase as the government announced a recapitalization plan for its state bank competitors. Sumitomo Mitsui Trust also performed well on the back of an improved outlook on Japanese asset management and stability in lending competition.
For further information please download PDF attached:
Download this document