Dear Fintax Investor

Last month the Fintax Funds delivered +5.6% (Balanced) and +6.2% (Growth) relative to 5.3% for global equities (MSCI ACWI) and 3.2% for global fixed income (ICE BofA Global Broad Market index).

In their attached commentary MGIM specifically refer to an underlying holding in the funds that performed well last month, namely Merian Chrysalis – a listed vehicle that invests in private equity. Chrysalis invests in fast growing, tech-enabled private companies in the UK and Europe. These companies tend to be mature and are expected to list on public markets in the next few years. Below is a link to an introductory video on the company.

Growth Fund Fact Sheet

Balanced Fund Fact Sheet

Commentary