NEWS
Pangolin Asia Fund announces month end NAV – August 2008
11th Sep 2008
As of the 29th of August 2008, the NAV of the Class A shares of the Pangolin Asia Fund was US$124.8 net of all fees and expenses, down 5.87% from US$132.58 in July.
| Year | 2008 | 2007 | 2006 | 2005 | 2004 | |||||
| Details | Nav | % chg | Nav | % chg | Nav | % chg | Nav | % chg | Nav | % chg |
| Jan | 157.49 | -3.89 | 136.43 | 5.90 | 104.53 | 6.89 | 99.24 | -1.13 | ||
| Feb | 156.55 |
-0.6 |
140.75 | 3.17 | 106.09 | 1.49 | 99.37 | 0.13 | ||
| Mac | 150.63 |
-3.78 |
144.17 | 2.43 | 109.42 | 3.14 | 97.77 | -1.61 | ||
| Apr | 154.03 |
2.26% |
153.68 | 6.60 | 116.62 | 6.58 | 98.86 | 1.11 | ||
| May | 146.18 |
-5.10 |
157.90 | 2.75 | 108.82 | -6.69 | 96.77 | -2.11 | ||
| June | 136.23 |
-6.81 |
159.36 | 0.92 | 106.34 | -2.28 | 97.05 | 0.29 | ||
| July | 132.58 |
-2.68 |
159.56 | 0.13 | 107.96 | 1.52 | 100.14 | 3.18 | ||
| Aug | 150.23 | -5.85 | 110.76 | 2.59 | 94.90 | -5.23 | ||||
| Sept | 158.3 | 5.26 | 112.41 | 1.49 | 96.99 | 2.20 | ||||
| Oct | 163.17 | 3.19 | 117.94 | 4.92 | 97.05 | 0.06 | ||||
| Nov | 160.72 | -1.50 | 125.81 | 6.67 | 96.14 | -0.94 | ||||
| Dec | 163.86 | 1.95 | 128.83 | 2.4 | 97.79 | 1.72 | 100.37 | 0.37 | ||
| Ytd | -19.09 | 27.19 | 31.74 | -2.57 | ||||||
2005 return |
-2.57% |
2006 return |
31.74% |
2007 return |
27.19% |
2008 return |
-19.09% |
Average monthly return |
0.71% |
Average return (annualized) |
8.49% |
Best monthly return |
6.89% |
Worst monthly return |
-6.81% |
Return since inception |
32.58% |
Maximum drawdown |
-19.09% |
% of positive months |
65.91% |
Standard deviation |
3.63% |
Standard deviation (annualized) |
12.59% |
Semi deviation |
2.66% |
Semi deviation (annualized) |
9.23% |
Sharpe ratio |
0.36 |
At the end of August the fund was almost fully invested, with the split being approximately as follows:
Indonesia - 50%
Malaysia - 34%
Singapore - 16%
Details of the individual holdings are available to investors on request.
I shall be emailing the fund’s third quarter report in a few days.
James Hay
10th September 2008.
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