The third quarter started with a substantial rise in July, which surprised many investors. The company earnings were better than expected and the Sifter Fund\u2019s return was more than 10 percent in July. In August, however, the market\u2019s sentiments cooled, and the Fund decreased of about 3 percent. <\/p>\n\n\n\n
September has historically been a bad month for the stock markets, and it was again. The Fund decreased by 6.8 percent, and due to this decrease, the Fund\u2019s return remained plus or minus zero in the 3rd quartile. Since the beginning of the year, the Fund has decreased by 16.8 percent in euros.<\/p>\n\n\n\n