Panda Capital - Finding Hidden Value
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Performance

Since inception in August 2009, Panda Capital has taken a cautious but active approach to investment during the start up period:

Return
Since Inception (%)

Panda Capital
 
Benchmark 
 
Value Added

Monthly Return On
Total Exposure

2.1%

0.7%

1.4%

Monthly Return On
Invested Equity

14.1%

0.7%

1.4%

Annual Return On
Total Exposure

17.7%

7.4%

10.3%

Annual Return On
Invested Equity

118.2%

7.4%

110.8%

Notes:
(1) "Return on Total Exposure" refers to total market position post leverage
(2) "Return on Invested Equity" refers to total equity commitment pre leverage
(3) "Annual Return" assumes 30% tax rate; Panda Capital pays full capital gains tax while a Benchmark investor pays a discounted (50%) capital gains tax
(4) "Benchmark" refers to ASX200 index

We advise that past performance figures contained on the Website are not necessarily indicative of future returns and should be used as an indicative guide only. Returns on investments necessarily are volatile and subject to change, and hence likely to vary from year to year. Future returns may bear no relationship to the historical information displayed.

Panda Capital Since 2009