Monthly Fund Commentary – Oct 2017

Global Titans Fund commentary Global stocks advanced amid signs of an improving world economy, strong corporate earnings growth and central bank stimulus measures. Japanese stocks led developed markets higher as investors welcomed the snap election victory orchestrated by Prime Minister Shinzō Abe. Information technology stocks rallied, supported by better-than-expected corporate earnings in the sector. Basic materials stocks also enjoyed significant gains amid accelerating activity in the manufacturing sector and higher demand from China. Media and telecommunications stocks fell on concerns about the declining number of cable TV subscribers. The Fund’s unit price increased by 3.8%, after th
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