Introduction The Fund was down 1.1% in EUR terms, 1.2% in USD terms and 1.8% in AUD terms.  It was a pretty ordinary performance. Not only in absolute terms - the robots that invest blindly in the MSCI World Index performed better.For the year, thanks to a decline in the USD [...]

Introduction The Fund was up 3.7% in EUR terms, 3.8% in USD terms and 2.6% in AUD terms. Ordinarily one would be more than happy with that performance. But when compared to market indices which comprise, to a large extent, businesses expected to benefit enormously from AI initiatives, those figures [...]