Equities took a breather in March after the AFINA investment products registered a very strong February. At the end of March, financials represented the largest sector weighting in the AFINA Affinity Fund LP at 25.1%, followed by technology at 15.2% and energy/materials at 15.0%. The AFINA investment products have bounced back solidly in April, with the AFINA Affinity Fund LP up 2.4% and the AFINA Optima10 up 3.3% as of yesterday’s close.
|AFINA Affinity Fund LP||-1.5%||1.5%
|AFINA Optima10 Managed Account
|Investors Group North American Fund||-1.4%||6.8%||12.0%|
|RBC North American Value Fund||-0.3%||3.7%||12.8%|
|S&P/TSX Total Return Composite Index||-1.9%||2.6%||10.6%|
|S&P 500 Total Return Index||-1.6%||1.0%||13.7%|
As of March 31, 2015. All figures are net of fees and other expenses. Past performance is not indicative of future results. 2014 results for the AFINA Affinity Fund LP include performance from October 1, 2014. Refer to afinacapital.com for full details and disclosures.