As at the 30th September 2016 the NAV of the Class A shares of the Pangolin Asia Fund was US$410.02 net of all fees and expenses, down 0.29% from US$411.20 in August.
Please see the table at the end of this letter for further detail.
As of today, the fund is about 89% invested with the split being approximately as follows:
We don't disclose our names but some details are always available to investors on request. I’m often asked why we are less than transparent. It’s simple really; as investors our life is much easier if others don’t jump on our ideas. And if we’re right, the market will discover and revalue our ideas in good time anyway.