Strong corporate earnings fuelled a powerful equity rally during July, with the MSCI gaining 5% on the month. The median for European equity funds on the month was 0.96%.
Groupama Active Equity was up 3.78% to put three-month numbers at 0.71%, while Euro Select was up 1.47%, taking three-month returns to -1.88%. Arkas Selection Long/Short Europe was up 1.64% on the month to leave three-month returns at -2.09%, and European Capital Holdings was up 0.9%, taking three-month numbers to -2.16%.
Turnstone European was up 2.69% on the month, taking three-month figures to -1.31%. Not surprisingly, given the strong equity markets,