Apollo Asia Fund
What's new?

3 Oct 22:
The NAV of the Series A shares fell 7.3% in September to US$ 2,455.97; charts.

3 Sep 22:
"All eyes are now on the UK government to do all they can to get [Vicky Bowman] and Htein Lin freed as soon as possible" said a European diplomat, following one-year jail sentences for failing to inform the Myanmar government of a temporary move to the countryside: report by Thompson Chau and Dominic Oo for Al Jazeera. MCRB statement. Lawyers with insights into the experience of political prisoners are now targets too.

1 Sep 22:
The NAV of the Series A shares rose 4.6% in August to US$ 2,649.19; charts.

26 Aug 22:
I read with deep concern of the arrest on Wednesday of my friends Htein Lin, a well-known artist from Myanmar, & his wife Vicky Bowman; and that after a short stay in Insein prison they are now said to have COVID-19 and remain in detention (per the Irrawaddy). Vicky is a former British ambassador; she set up and heads the Myanmar Centre for Responsible Business. As Al Jazeera points out, Vicky and Htein Lin are both hugely respected, and have contributed greatly to Myanmar over the decades.

1 Aug 22:
The NAV of the Series A shares fell 3.0% in July to US$ 2,532.53; charts.

3 Jul 22:
The 2Q report: 'New era, same approach' - with brief comments on Giordano, Scientex Packaging, the Vietnamese market and Malaysian CG/disclosure requirements.

2 Jul 22:
The NAV of the Series A shares fell 4.1% in June to US$ 2,610.01; charts.

1 Jun 22:
The NAV of the Series A shares rose 6.6% in May to US$ 2,722.84; charts.

4 May 22:
The NAV of the Series A shares fell another 1.5% in April to US$ 2,554.20. It has now fallen for five months out of the last six, and is 10.5% below the high-water mark established in October; charts.

7 Apr 22:
"We need to develop a much-increased emphasis on the quality of life, including enhanced protection for what is left of our natural systems, and an emphasis on the quality of our products as opposed to the quantity. Quality goods will emphasize long life, repairability, and recyclability by design." Jeremy Grantham, 6 April, urging a major change in our collective goals.

Many citizens would agree: protect nature and future generations, support community initiatives and the Right to Repair! Sometimes we can contribute to resilience while improving the quality of life; such opportunities should clearly be seized, and may help us to see the potential in subsequent changes forced upon us. Consumers and voters are accustomed to the idea that many individual choices can collectively make a difference; portfolio investors in practical terms perhaps less so. Investors are now accustomed to thinking about companies that may cause specific harm, but blame is often unfairly hurled at a few when the whole economic system involves some illth, and the commonplace damage could be the more important. If readers see investible models among listed businesses contributing to the transformation outlined here by Jeremy Grantham, I'd be glad to hear of ideas.

6 Apr 22:
The 1Q report: 'Carrying on in dangerous times'.

1 Apr 22:
The NAV of the Series A shares fell 1.2% in March to US$ 2,592.69; charts.

2 Mar 22:
The NAV of the Series A shares fell 2.5% in February to US$ 2,624.94; charts and brief comments.

4 Feb 22:
The NAV of the Series A shares fell 3.7% in January to US$ 2,691.20; charts.

28 Jan 22:
We now have the long-awaited info and can report on Daibochi: the month-long AGM Q&A. (Again, this is an addition to the last post, so as to keep all of the coverage of this AGM in one place; the link should take you to the right section, but please scroll down if necessary.)

21 Jan 22:
The extraterritorial application of US FATCA & corresponding European obligations on financial institutions worldwide has multiplied the costs and slashed the efficiency of once-excellent banking services in cities like Hong Kong and Singapore. This has placed an ongoing burden on all Asian businesses, but it pales in comparison to the distress caused by the withdrawal of international banking services in Afghanistan - so I found it fascinating to read in the Intercept of Afghans turning to cryptocurrency.

10 Jan 22:
The 4Q report touches only briefly on what I expect to be the most important issue of the decade: Eco-blowback.

7 Jan 22:
We had been waiting for full Q&A promised ASAP after Daibochi's AGM, but it has been nine days now and since the SC has requested feedback on virtual meetings we have decided to comment first on the conduct of the meeting (we were able to access it this year, but improvements could be made), and later on the content & outlook. The company is now listed under its new name & ticker (SCIPACK MK on Bloomberg), but that changed after the AGM, so the update is Daibochi: conduct of the Christmastide AGM. (This is an addition to the last post; the link should take you to the right section, but please scroll down if necessary.)

3 Jan 22:
The NAV of the Series A shares rose 0.4% in December to US$ 2,794.11; charts.

Claire Barnes

To What was new archive - 2021
To What was new archive - 2020
To What was new archive - 2019
To What was new archive - 2018
To What was new archive - 2017
To What was new archive - 2016
To What was new archive - 2015
To What was new archive - 2014
To What was new archive - 2013
To What was new archive - 2012
To What was new archive - 2011
To What was new archive - 2010
To What was new archive - 2009
To What was new archive - 2008
To What was new archive - 2007
To What was new archive - 2006
To What was new archive - 2005
To What was new archive - 2004
To What was new archive - 2003
To What was new archive - 2002
To What was new archive - 2001
To What was new archive - 2000
To What was new archive - 1999

Home Investment philosophy Fund performance Reports & articles *What's new?*
Why Apollo? Who's Claire Barnes? Fund structure Poetry & doggerel Contacts