Albizia in 2018
The Opportunities Fund gained 1.0% in December to finish the year down 9.3%. ASEAN currencies were weak against the US dollar for the year, responsible for a third of the Opportunities Fund’s fall, and a quarter of the Tenggara Fund’s negative performance. Currencies have been more stable in the second half however, as central banks in the region have been more proactive. In tough market conditions, the fund's home improvement investments proved as resilient.
Singapore
Objective • The fund seeks to generate superior sustainable medium-long term investment return with less risk than benchmark investing. Philosophy and Approach • A highly disciplined, bottom-up investing approach based on proprietary in-house research and our experience. • The fund have a small-mid cap value-bias. • The fund take a longer term view of investments and anticipate low portfolio turnover. • The fund is benchmark agnostic. Investment Restrictions • Single Stock Limit 15% • Single Country Limit 50% • Private Equity/pre-IPO limit 10% • No limit on cash holding.
Albizia's Edge • ASEAN has one of the largest and most diverse investment sets and this suits the fund's bottom-up, value stock picking style
• ASEAN (including Vietnam) has always been the area of focus for the last fifteen years
Fund Details