July was another great month in the World's stock markets with the MSCI World Index gaining 8.84%. Moominmama gained 4.3% overall with the best gains coming in non-US equities. The US Dollar declined and these returns are measured in USD so it's not surprising. As you can see Sterling Cash gained 1.67%. The portfolio beta is estimated at 0.47 so this result is right in line with expectations. After losing 31% from peak net worth in June 2008 to the low in February 2009, net worth has bounced back by 23% which results in being exactly half way back to the top in Dollar terms.
On the other side of the world in Moomin Valley we gained something around 12.5%. A full report coming in the next few days. Our net worth fell 62% from the peak in May 2008 to the low in February 2009 in USD terms. We've now bounced back 68% from the bottom. In this case we're not quite half way back yet...
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