Pangolin Asia Fund down 5.87% in August...

As of the 29th of August 2008, the NAV of the Class A shares of the Pangolin Asia Fund was US$124.8 net of all fees and expenses, down 5.87% from US$132.58 in July.

At the end of August the fund was almost fully invested, with the split being approximately as follows: Indonesia - 50%, Malaysia - 34%, Singapore - 16%.

Pangolin's James Hay commented: "Every time I check Indonesia seems to have dropped another 4%. The JCI has now fallen by about 20% in the past two weeks alone. Indonesia's stock market had been driven by the commodities boom and many resource based stocks had risen......................

Source:
Pangolin Asia Fund down 5.87% in August


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