Craton | Illovo , 16.08.2016
Please find below the links to the Craton Capital Funds newsletters for the month of July 2016.
Craton Capital Precious Metal Fund (ISIN: LI0016742681; BBG CRMETAL LE)
The gold price reached a 3-year high during July as global markets contemplated the effects of the Brexit vote. Time will tell whether or not the vote and uncertainties will hurt economic growth. For now we note only that monetary policy is likely to become (or remain) more accommodative in most affected countries, including the US. This will further support gold in the medium term.
The Fund returned 13.3% in July against the benchmark of 8.9%.