|
FUND PERFORMANCE
DATA:
|
NAV per Share : |
US$122.23 |
|
1 Month: |
6.33% |
|
3 Month: |
11.35% |
|
1 Year |
20.86% |
|
Since Inception |
22.23% |
REPORT OF THE
PORTFOLIO MANAGER
3rd
QUARTER 2005
With
a few specific exception, most equity markets in Asia continued to rise
in the third quarter of the year, led by the strong rally in Japan as
well as renewed domestic economic confidence.
Pacific Basin economies and markets have proved resilient to the sharp
increases in both commodity prices and US interest rates during 2005.
Oil prices could remain high while global interest rates are likely to
continue their slow upward trend.
Expectations for the 4th
Quarter:
.
PERFORMANCE REVIEW
FUND'S
PERFORMANCE (1999-2005)
GEOGRAPHICAL
DISTRIBUTION
(30 /09/
2005)
|
COUNTRY |
% |
 |
| 1.
JAPAN |
70.9% |
|
2.AUSTRALIA |
14.0% |
| 3.
HONG KONG |
11.2% |
| 4.
SINGAPORE |
3.9% |
SECTOR
DISTRIBUTION (30 /09/
2005 )
|
Sector |
% |
 |
| 1.
Electronics |
14.3 |
|
2.Transportation |
2.0 |
|
3. Chemicals |
5.1 |
|
4. Pharmaceuticals |
4.48 |
|
5.
Real Estate |
5.2 |
|
6. Telecom. |
6.3 |
|
7. Retail
Publishing |
3.7 |
|
8. Mechanical Eng. |
5.6 |
|
9.
Vehicle |
10.5 |
|
10. Mining |
3.5 |
|
11.
Services |
23.6 |
|
12. Building Materials
|
6.4 |
|
13. Elec. Appliances &Components |
3.2 |
|
14. Photographic
& Optics |
3.0 |
|
15. Rubber & Tires |
2.3 |
|
16. Miscellaneous |
2.6 |
|
17.
Nonferrous Metals |
4.1 |
|
18. Consumer Goods |
1.5 |
|
19.
Publishing |
1.8 |
|
20.
Packaging Industry |
0.5 |
|
21.
Petroleum |
5.8 |
|
22
Utilities |
2.7 |
|
23. Healthcare Education/Social Services |
0.9 |
|
24.
Internet & Software |
1.0 |
|
25. Textile
|
0.8 |
|
26.
Aerospace |
1.1 |
|
27.
Computer Hardware & Network |
1.9 |
|
