Areca Capital Wins Best Equity Malaysia Award for Seventh Consecutive Year
===============
#9af941be ver:0.1
The Aegis Value Fund, a Small-Cap Deep Value fund, underperformed its benchmark in the first half of 2023. The fund's performance was impacted by the strong performance of tech-focused stocks in the S&P 500. Additionally, the banking system experienced strains due to rising interest rates, resulting in bank failures and losses on investment portfolios. Despite these challenges, the Fund's top performer was Bank of Cyprus, which benefited from higher interest rates and reduced non-performing assets. The Fund has an annualized gross expense ratio of 1.48% and a net annualized expense ratio of 1.50%. The portfolio manager believes that energy stocks and precious metals mining equities are well positioned for strong returns. The manager also highlights the potential risks in the technology sec...
#newstr #Investment #Equity #ArecaCapital #LsegLipperFundAwards #Malaysia