Just checked my returns
PIE Australian 33% , gain bought 14/5/13
PIE Aust Emerging 100% gain ,bought Feb 2013
PIE Global smaller companies 16.66% gain ,bought sep 2013.
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Just checked my returns
PIE Australian 33% , gain bought 14/5/13
PIE Aust Emerging 100% gain ,bought Feb 2013
PIE Global smaller companies 16.66% gain ,bought sep 2013.
I read in their latest newsletter than they are now buying put options to protect their portfolio from market downside risk. I wonder if they will be as good at picking the market top as they are at picking small caps. I guess they consider this as insurance, rather than a specific trading strategy.
Certainly made me consider my mostly unprotected long position in the market
Pleased with one ; other two pretty ordinary.
Fund performance is better than the average bear ...... remember he does buy puts as well ......
http://www.piefunds.co.nz/performance.html
PIE is launching a 2nd growth fund - http://www.piefunds.co.nz/pdf/Pie_Growth2-Fund.pdf