Invest
Tay Fund End of Year Annual Review
By The Asia Report  •  November 8, 2012

The Tay Fund Portfolio returned 10.69% for the Financial Year 2011, trailing the S&P 500 Total Return Index which returned 22.8%.

The disparity in performance thus far is a result of our concentration on businesses that have most recently fallen out of favor and have yet to return to what we believe are their intrinsic values. The underlying motivation for our investments remains intact and we believe that in time, they will provide for a greater return than the market averages in the coming years.

The current economic climate has improved significantly since the inception of the fund. Although the Eurozone Crisis is yet resolved, it appears that for now, with the backing of the European Central Bank and with Germany on board, that the appropriate steps are being taken to resolve it. Still, the eventual outcome remains uncertain and the situation is still far from settled. The ...

...
Read the full article
By The Asia Report
Richard is passionate about teaching the principles of value investing to people from all walks of life. Richard is also a frequent guest speaker on investing and financial markets at institutions such as University College London and the London School of Economics, and at investment conferences held in Singapore ...
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance