Asia Value Fund Up 6.3 Percent, Market Still Attractive

Asia Value Fund Up 6.3 Percent, Market Still Attractive by Tee Leng, ValueEdge

Dear Shareholders,

Asia Value Fund

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Initial Net Asset Value (per unit): $10,000

Net Asset Value as of April 2015 (per unit): $14,329

Asia Value Fund

I am pleased to announce that for the period of 1Q2015, the Asia Value Fund is up by 6.3%. Relative to the benchmarks, the Asia Value Fund has outperformed the Vanguard Pacific ETF and STI ETF by 4.2% and 4.0% respectively. Since inception, the NAV of the fund has increased by $4,329, translating to an increase of 43.3%, outperforming both benchmarks during this period.

During this past 3 months, we have successfully deployed all available cash as we discovered companies with sufficient margin of safety. The Asia Fund’s performance this quarter is mainly attributable to the Singapore market where we see many of our positions climbing up based on our deep value strategy. While the Hong Kong market is still depressed due to the pessimistic outlook of China, we believe our investment thesis is still intact. We observe current hot topics to be centered around the possibility and implications of a Greek exit from the Eurozone, the Oil Crisis and the impending rise of interest rates. Nevertheless, markets are never perfect, and we believe a buy-and-hold strategy will prevail over the vicissitudes of the market. Going forward, we expect to see a greater proportion of our funds being invested in the Hong Kong market given the more attractive risk reward ratio.

As always, please feel free to let us know if you have any clarifications regarding the investments in the ValueEdge Asia Value Fund.

The post Asia Value Fund 1Q2015 Review appeared first on ValueEdge.

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I developed my passion for investment management especially equity research at a relatively young age. My investment journey began when I was 20, at a point in time where markets were still recovering from the Global Financial Crisis. My portfolio started from money I saved over the past years and through working during the holidays. I was fortunate to have a good friend with common investing mentality to began my journey towards value investing. To date, we still research and invest in companies together, discussing valuations and potential risks of a company. To date, I manage a fund with a value investing style. Positions are decided upon via a bottom-up approach or smart speculation (a term I came up with when buying a stock for quick profit due to a mismatch in prices in the market due to takeovers/selling of a subsidiary or associate). Apart from managing my own portfolio, I enjoy sharing my research with family and friends, seeking their opinions and views towards the stock. Reading Economics in London, I constantly keep up with the financial news in Singapore & Hong Kong. Despite my busy schedule, it has not stopped me from enjoying other aspects of life. I enjoy a variety of activities in whatever free time I may have – endurance running, marathons, traveling, fine dining, whiskey appreciation, fashion. Lastly, I enjoy meeting new people, discussing ideas and gaining new perspectives towards issues in the world.