Hey everyone,
For those interested in following this fund, here's an update:
In the last 25 days, the fund has increased in value by a whopping 17.08%. The annualized rate of return is a very impressive +249.37% per year.
Comparisons
- As a comparison, ASICMINER's latest few dividends (which were record high dividends) return around an annualized figure of 65% per year.
- Fixed interest would return you around 25% per year.
I am pleased thus far with the fund. If the fund continues to perform strongly and offer good returns, I will consider opening it up to the public, for those who may be interested.
It looks a bit like you may be making a slightly unfair and misleading comparison.
You're mainly holding ASICMINER.
When calculating your own profits you include the increase in share value of ASICMINER as well as the dividends you received from them. Then you compare it to just the dividends from ASICMINER.
That's claiming that a pass-through to ASICMINER (which takes a management fee) can somehow outperform ASICMINER itself.
If you want to compare your performance to ASICMINER's then you also need to add in the growth in price ASICMINER itself has experienced. And it isn't the same story then.
If you're going to hold mainly ASICMINER then you're pretty much just a pass-through to ASICMINER - with insufficient diversity to offer any protection against any significant fall in ASICMINER prices. Nearly everyone on these forums already knows ASICMINER has been a great investment really - and doesn't need to buy into a fund to gain exposure to it. So making profit on the back of ASICMINER investments isn't offering anything of real value - far more attractive would be if you could generate returns similar to ASICMINER's dividends (NOT growth) without ASICMINER exposure - then you'd be offering a useful alternative and a way for people to diversify/spread risk.
