The AFC Iraq Fund, and the market, took a breather after a great three-month run from the January 2023 lows, during which the fund was up 49.1%, and the RSISX USD Index was up 43.8%.
For the month, the AFC Iraq Fund was down an estimated 11.3%, underperforming its benchmark, the Rabee Securities RSISX USD Index, which was down 8.7%.
For the year, the AFC Iraq Fund is up an estimated 31.2%, outperforming the index’s increase of 24.9%.
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