Pie funds

[Joshuatree]

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[NZSilver]

cheers JT good read

[Joshuatree]

Thanks Silver it is indeed. Im constantly seeing and hearing comments re what PIE is buying/holding/selling; Mike and co are frontrunners and have a lot of kudos. I have 3 of their 4 funds and have just checked their performance. They are

Pie Emerging .....held for re 9.5 months; Gain 67.3% as of today
Pie Div fund........held for re 9 months;Gain 14.5%
Pie Global fund....held for re 6 months; Gain 5.2% still re 40% in cash. cheers JT

[Grimy]

I must have bought in about the same time JT and the same funds. More than happy so far.

[Joshuatree]

PIE FUND Performances Annualised Return since inception
AGF 20.4%
ADF 27.8%
AECF 75.1%
GSCF 11.1% (newest fund under 1 year ols , re 40% in cash)

[peat]

I see my Doctor is on the investment committee.
He did mention something about this to me a year or so ago.

I would point out that the funds are all very recent and, with the possible exception of one, only short term results are available - all drawn from a bull market.

[stoploss]

I see my Doctor is on the investment committee.
He did mention something about this to me a year or so ago.

I would point out that the funds are all very recent and, with the possible exception of one, only short term results are available - all drawn from a bull market.

What's " all very recent " the Aust Growth was established Dec 2007, 100k now 350 K ....
from memory 2008 wasn't a bull market .........

[peat]

What's " all very recent " the Aust Growth was established Dec 2007, 100k now 350 K ....
from memory 2008 wasn't a bull market .........

yeh I said with the exception of one fund ...which is obviously the fund that existed during 2008
very recent effectively means 'one market cycle'
I do accept the results look good but my point is they haven't really been tested through downturns or even long stagnant phases.

[bull....]

Hes got a pretty good performance, nearly as good as me...... anyway do you think hes the best in nz if the measure of success is your performance?

[Joshuatree]

Don't know Bull , they must be right up there surely. Here's the latest returns which are getting harder to come by atm.

PIE Australasian growth fund 224% return from Dec 2007

PIE Australasian div fund 88.9% return since Dec 2011

PIE Australasian emerging co fund 69.2% since april 2013

PIE Global small companies fund 6% return since sept 2013 ' still sitting on some cash i think. All funds returns up to April 2014

I hold 3 funds