From the home page the Navra US fund is showing a positive return for the quarter (of course some of this must be attributed to the fall in $AUD), but to be up +2.5% when the market has corrected by -10% certainly shows what the fund can do given the conditions that it supposedly thrives on.
Platinum International fund is doing well also.. This is why its important NOT to chase past returns.. Thinking that just because one asset isn't performing like another one is, then deciding to switch on that basis, cause you can't pick next years winner based on this years winner.
Yes, unfortunately I don't think the fund can claim much credit here - it's all the plummeting AUD doing the heavy lifting with most of these funds that deal largely in USD. Look at the Platinum Japan Fund - basically has been in free-fall for months now, and then in the last couple of days puts on nearly 8% ... no explanation other than the AUD being slaughtered against the Yen.
And you can't blame them for poor performance either, as the AU$ has run hard, so they are actually performing, but the dollar is eating away the gains.
Typical, I recently transferred my US funds back to my already existing Aust fund. Still, no regrets though eh, onward and upward.
