The Choice Equities Fund letter details the strong performance for the year thus far and provides the usual market and investment landscape commentary.
Dear Investor:
The large and small cap indices posted another gain in the third quarter, again taking turns leading the market higher. The large cap S&P 500 index was up +7.7%, while the small cap Russell 2000 was up +3.6%, respectively. Together these results put our Small / Large Blended Benchmark up +4.6% for the quarter. Choice Equities Fund ((CEF)) largely treaded water for the quarter, down -.6% and -.7%