Fund performance for May 2007
NAV as at 1 Jun 2007: $1.5256
This month, we beat the MSCI World (-0.34%), the contribution same primarily from our positions Latin America, Indonesia and Korea.
Just when will the correction come? The fact that we have not reduced our equity weighting underlies the optimism of the current state. We believe even if there is a correction, it will not be too deep or too protracted. It will be a case of “buying on dips”.
As of now, we hold 37% in money market to standby for a correction. I believe this amount is sufficient for the moment.
No extra funds will be solicited this month.
This month, we beat the MSCI World (-0.34%), the contribution same primarily from our positions Latin America, Indonesia and Korea.
Just when will the correction come? The fact that we have not reduced our equity weighting underlies the optimism of the current state. We believe even if there is a correction, it will not be too deep or too protracted. It will be a case of “buying on dips”.
As of now, we hold 37% in money market to standby for a correction. I believe this amount is sufficient for the moment.
No extra funds will be solicited this month.
posted by Xeo Lye @ 11:05 AM
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