UCITS-compliant gold fund down

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By Hannah Walsh

The APM Gold & Resources Fund was the worst performer with a loss of 11.07% for the latest reporting period, according to figures reported to the Absolute UCITS database for the week ending 16 November 2012.

The net asset value of the fund was 117 on 9 November 2012. It dropped to 108 the following Thursday and by the following Friday the NAV of the fund was 104. The portfolio sits in the global equity sector, which was down by a median of 87 basis points during the reporting period.

Most alternative UCITS funds reported