May return comment
Following the outsized measures that have been decided by finance ministers and heads of central banks there are opportunities arising for the fund to apply trading strategies. The downward trend for people being admitted to hospitals in Europe, and with the number of deceased in our part of the world ascending to its yearly average for the month of May, we continued to see a gradual opening up – away from the lock-downs that have been enforced since the latter part of March. This is indeed very good news.
Excalibur ended the month at +3,51 percent. It is very satisfying indeed to be able to deliver the rolling 12 month return at +4,39 percent.
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