EGAS April Newsletter
EGAS returned +0.69% for the month of April.
The month saw a slow grind higher in gold with only a $92 range and a continued fall in the USD. Gold volatility for the month moved slightly higher to just over 16 mid-month but fell back to average 15 for the month, well below the long term average of 20. EGAS was positive for April 2021 having negative returns for the previous 5 years. After analyzing this, we concluded there is no correlation with seasonal factors that affected previous results.
PERFORMANCE SINCE INCEPTION 103.83%
PROJECTED 2021: 31.00%
Investment Product: Gold futures
Investment Structure: Managed Accounts
Investment Manager: Excelerate Fund Management
Management fee: 2%
Performance fee: 20%