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Investing is Easy - Fusion Fund buys ANZ

September 23, 2008 3:07 pm

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There is one important thing. Buy Fear Sell Greed. With little time for detailed research (bad move Dean) but a lot of money to put to work in the Fusion Investing Fund, the fund just bought 1,000 ANZ shares at $18.10. While Westpac Bank would have been a more conservative investment the greater potential of ANZ and my better understanding of ANZ swung my decision.

Fund Performance to Date

  • 4 of 6 positions (67%) outperforming the index.
  • The -0.6% return compares favourably to the -15.4% for the ASX200.
  • Fund dips into red for second time since inception (Apr 08)
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More on this topic (What's this?)
Australian Fund Updates
ANZBY - Stock Split
Read more on Australia and New Zealand Banking Group at Wikinvest

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