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Altrinsic Global Equities Trust - Monthly Report October 2017

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. 

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