Bookkeeping: Rising Tide Growth Fund Performance Week 8

Week 8 performance of the mutual fund

Comments: Another very solid week for the fund vs the indexes. The SP500 was essentially flat at+0.07%, and Russell 2000 was down 0.94% this week, but the Rising Tide Growth Fund was +0.90% so nice outperformance versus both indexes. Again, this was done with roughly 20% in cash (earning no interest) most of the week.

Price of Rising Tide Growth: $10.828
Performance to date (vs Aug 3, 2007): +8.28%

SP500: 1,526.8 (+4.20%)
Russell 2000: 813.1 (+3.93%)

Fund return vs SP500: +4.08%
Fund return vs Russell 2000: +4.35%

Since the market cap of the median stock in the Rising Tide Growth fund is significantly below the SP500 index but higher than the median market cap in the Russell 2000, I am measuring the fund against both indexes to be more accurate.

Basis for indexes is 5 day weighted average of closing prices Aug 3-9
SP500 : 1,465.2
Russell 2000 : 775

To see why I use the 5 day weighted average of the first 5 trading days to smooth out the volatility of the indexes as the fund launched, see here.

Please click here: fund performance for previous updates