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42 Beveridge Street

PO Box 3833

Christchurch, 8041

Phone 03 364 9140

Fax 03 364 9132

Office Hours Tuesday-Friday 11am-5pm

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PERFORMANCE - $ 0.7240

GOLD & METALS - $ 0.7462

INCOME - $0.8490

 

23rd February 2010

 

January was an interesting month. Turmoil began in the share markets while gold recovered some of it's December losses only to head down again from the middle of the month. Balancing that on the positive side we had some small gains from the weakening NZ dollar. Roughly speaking we lost about 1% in each fund from the market drops and gained about 2% from the currency.

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