As at the 30th of November 2011 the NAV of the Class A shares of the Pangolin Asia Fund was US$269.95 net of all fees and expenses, down 3.0% from US$278.31 in October. YTD we’re up 0.2%. It’s been a hard year. Please see the table at the end of this letter for further detail.
As of today, the fund is just about 92% invested (we’ve been buying), with the split being approximately as follows:
No names I’m afraid but details of the individual holdings are always available to investors on request.