The fund was incepted not too long ago in 2020. From the Asia Genesis website, we can derive the following information:
The fund’s goal is to seek capital preservation and positive annual compounding. That message is meant to appeal to many of us because this is the goal we all seek:
Don’t lose money
Don’t lose out to inflation.
#1 and #2 are hard to achieve together because most strategies that do very well in each will do badly in the opposite.
here most strategic buy-and-hold portfolios have been negative. Since inception, the fund’s 31% cumulative net returns is half of the 62% return of IWDA (which tracks the MSCI World), but similar to the performance of EIMI, the MSCI Emerging Markets IMI ETF. The fund is keeping up with the index that they measure against as well.
Unlike many (including ourselves), Soon Hock did not beat about the bush, such as lamenting about the poor performance of our selection, things turning out unexpected from what we anticipated; in normal situations, this would not happen, but it did happen.
His post admits that what I mentioned is, in fact, THE OPERATING ENVIRONMENT.
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- glimmero·01-27Agreed, it's refreshing to see someone acknowledge the harsh reality. #HonestyLikeReport