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United E-Commence Fund PDF Print E-mail
Written by Wilfred Ling   
Monday, 09 August 2010

Today is National Day. So I want to share something that is amusing to everybody. The above fund was launched in March 2000 right at the peak of the technology bubble. Right now it is $0.152. According to the factsheet, the return since inception was -16.8% per annum verses its benchmark return of -3.18% per annum! How come? Anyone want to guess? The factsheet can be downloaded HERE.
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Anonymous   |220.255.7.238 |2010-08-11 03:29:15
The factsheet says more than 95% invested in IT-related stocks but benchmark is World index?!?

On a more serious note, anybody knows how I can get a job at UOBAM? I strongly believe I can do much better just having an automated trading system based on 50-day MA and a Nasdaq ETF and an inverse Nasdaq ETF. Will blow the appropriate benchmark out of the water!
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