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Front page of half year reportBeing able to go against the flow to buy cheap stocks is a good recipe for generating attractive long-term returns for the patient investor.

Read more about this and how the funds have performed during the second quarter. The fund managers also explain how the portfolios are positioned to take advantage of opportunities going forward.

Read the half year report 2016 (PDF)

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Historical returns are no guarantee for future returns. Future returns will depend, inter alia, on market developments, the fund manager's skill, the fund's risk profile and management fees. The return may become negative as a result of negative price developments.