March 2016 Pricing Commentary

All five ABC Funds appreciated during the month of March. This improvement was largely due to a few factors including:

  • Recently released and improved quarterly revenue and earnings performance of common share holdings held in the funds.
  • Rising investment optimism/sentiments resulting in a meaningful stock advance during the month.

More importantly, the ABC Funds have continued to appreciate during the first two days of April. The five funds have unofficially increased between +0.7% to +1.2% so far this month.

Irwin A. Michael Signature

Irwin A. Michael, President
I.A. Michael Investment Counsel Ltd.

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