AUSTRALIA: Crescent Wealth reported a return of 0.4% for its Crescent Australian Equities Fund in July 2012, while its Crescent Islamic Cash Management Fund gained 0.2% during the month.
However, its Australian equities fund underperformed the S&P/ASX 300, which gained 4.2% during the period; and has lost 11.6% since its inception in July 2011.