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- 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.
- 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.
- 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.