The AFC Iraq Fund was up an estimated 4.1% in March, outperforming its benchmark, the Rabee Securities RSISX USD Index, which was up 2.3% for the month.
For the year, the AFC Iraq Fund is up an estimated 27.7%, outperforming the index’s increase of 21.5%.
The market’s and the fund’s solid performance, on the back of last month’s super performance, enhanced by a revalued currency, underscores the underlying strength of the market’s recovery that is in the process of looking through and discounting the currency’s volatility as discussed here recently.
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