Double digit returns in 4 months

Dear valued colleagues. I would draw your attention to the following rebounds in the NAV’s of some of our regional funds from the lowest point on 28 Oct 2008 to-date:

PFES22.75%
PRSEC25.71%
PCSF15.25%
PCIF11.92%
PFETIF39.58%


Double digit returns in 4 months!


What about local funds? % gains from low of 29 Oct 2008:

PGF9.14%
PAGF8.24%
PEF9.78%
PITTIKAL6.77%
PFSF7.86%


The reason why local funds have appreciated much less than regional funds is becoz they had dropped less in the 1st place.


Even in the current global economic crisis, there are investment opportunities. So, don’t be too consumed with bad news, it’s when things look worst that the best investment opportunities arise.