In today’s briefing:
- CX Daily: China’s AI Charge Part 3: Short on Chips and Talent
- Positive Month for All AFC Funds Led by the AFC Iraq Fund – April 2023 Update
CX Daily: China’s AI Charge Part 3: Short on Chips and Talent
- AI /: China’s AI charge part 3: Short on chips and talent
- China-Canada /: Tit-for-Tat: China expels Canadian diplomat after Ottawa’s move declaring a Chinese envoy as persona non grata
- Gold /: China’s gold buying spree stretches into sixth straight month
Positive Month for All AFC Funds Led by the AFC Iraq Fund – April 2023 Update
- The AFC Iraq Fund Class D shares returned +15.9% in April 2023 with a NAV of USD 1,005.88 versus its benchmark, the Rabee Securities RSISX USD Index (RSISUSD index), which gained 12.5% during the month.
- For the year, the AFC Iraq Fund is up 47.9%, outperforming the index’s increase of 36.7%.
- Since inception, the fund has gained 0.6% while the RSISUSD index is down 28.2%, an outperformance of 28.8%.
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