The IVA Worldwide Fund Class A (NAV) ended the quarter on March 31, 2012 with a return of 6.18%compared to the MSCI All Country World Index (Net) return of 11.88%. Since inception, on an annualized basis, the Fund returned 13.12% versus the Index return of 5.86% for the same period. We underperform…
ETFs can be great vehicles for accessing core, liquid areas of the market, but they have more issues in MLPs and illiquid underlying assets, like high-yield bonds .