Month:                          -4.11%
Year:                            10.12%
3 years:                          9.22% pa
Since inception:              9.53% pa

On the positive side:

-          One-year and longer performances still look very healthy. Despite arguably the biggest financial turmoil in decades, the Portfolio still generated over 10% after tax and fees in the past year. An investment of $10,000 at inception would now be worth over $14,700.

-          The Tyndall fund managers are still optimistic of capturing substantial gains once markets settle down. This is because the golden lining of market volatility is increased premiums for the same level of risk. They say the US markets still represent the best opportunity because of high premiums and great liquidity.

Options Kiwi
The annual return dropped to 15.18% pre-tax for the year to 31/10.