The AFC Iraq Fund was up an estimated 8.2%, underperforming its benchmark, the Rabee Securities RSISX USD Index, which was up 9.2%.
For the year, the AFC Iraq Fund is up an estimated 49.9%, outperforming its benchmark’s 42.3% increase.
The market’s technical picture continues to be positive, with the macroeconomic fundamentals discussed last year supporting our view that the market’s uptrend will likely remain in force.
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