Fund Update Archive
19-04-2010
Fund Update Global Small Cap Value Q1 2010
Performance
Sparinvest Global Small Cap Value rose by 11.98% in the first quarter of 2010. The general small cap market, as measured by the MSCI World Small Cap Index, gained 14.05% in the quarter. The MSCI World index rose by 9.47%. Value stocks – the MSCI World Value - increased by 9.58%, while growth stocks returned 9.36%.
The small cap segment was one of the best-performing segments of the global developed equity market in the quarter and, although we feel that our fund performed well in absolute terms, it lagged the index by just over 2%.
Sparinvest S.A. | 28, Boulevard Royal | L-2449 Luxembourg | Phone: +352 26 27 47 1 | Fax: +352 26 27 47 99