Dear investors,
I am still checking all the transaction of my fund in order to finish my annual report, since 2013 is a year with a lot of changes, and things get more complicated. thus i would like to give you a brief summary how we did this year first.
the latest fund price is: HK$1.2522 (-0.0089, 0.705%)
total subscription: HK$1,004,571.05
total asset value: HK$1,257,949.28
the whole year the fund price have dropped -1.36%, while the market have gain up +2.87%. This is the first year my fund show negative growth while the market show a positive growth. the major reason is that my investment performance is unable to catch up with the new cash income.
In 2013, my subscription have increased from
$697,505.35 to $1,004,571.05 (+$307,065.7 or 44.02%)
while my total assets value have only increased from
$882,939.83 to $1,257,949.28 (+378,009.45 or 42.47%)
as you can see even though i have made a profit of roughly 70k, its growth rate still lower than the subscription rate, this is the reason why i have to stop taking in new money. looking forward into 2014, i expect the value of each fund unit will be increased, and my rough target is to achieve 1.5 million in term of total asset value with no further subscription. this will increase the fund price to roughly $1.5 a unit.
you will see more details what actually i have done when i finish my annual report.
so please bear with me and enjoy your nice weekend
best regards,
Calvin
親愛的投資者，
我仍然檢查本基金今年的所有交易，以便完成我的年度報告， 2013年有很多的變化，基金也變得更加複雜。因此，
最新的基金價格是：港幣1.2522美元（ -0.0089 ， 0.705 ％ ）
總認購：HK $ 1,004,571.05
資產總值：HK $ 1,257,949.28
資產總值：HK $ 1,257,949.28
全年基金價格一共下跌了-1.36％ ，但市場獲得了2.87 ％的增長 。這是第一年市場表現出成長, 而我的基金卻呈現負增長。主要的原因是，
在2013年，我的新資金已經從
$ 697,505.35 增加至 $ 1,004,571.05 （+ $ 307,065.7或44.02 ％ ）
$ 697,505.35 增加至 $ 1,004,571.05 （+ $ 307,065.7或44.02 ％ ）
而我的資產總值僅從
$ 882,939.83 增加至 $ 1,257,949.28 （ +378,009.45或42.47 ％ ）
你可以看到，即使我已經賺了大約7萬，
在我的年度報告完成後, 你會看到更多的細節。
所以請大家多多包涵，並享受您週末愉快
最好的問候，
Calvin
