The NIC Fund performance commentary for the month March 2012 is now available here.

After having experienced a month of negative returns during March, the Nova Investment Club Fund returned to green light zone in April by climbing 3.92%. The outstanding annualized reward-to-risk relationship of 47%-13% and the steady Sharp metric of 3.59 achieved during the past month have reinforced our confidence in the accuracy of the investments chosen. Contributing to this recovery were the outperformers First Trust Materials AlphaDEX and last month’s underdog iShares FTSE EPRA/NAREIT Asia Index Fund. Moreover, some of the recently added stock picks turned out to perform very well during the month. The best performers on this segment of the Fund were Volkswagen Ag and Corning, Inc.

We would like to invite you to participate on the RETC 2012, the first
“Rotman European Trading Competition” that will be hosted by LUISS Guido
Carli University of Rome on August 30th - September 1st, 2012.