Mid Quarter summary of fund investment

Lesson Learned

1. There is higher volatility of resource company rather than commodity itself. Lesson : Focus on Primary business sector rather than secondary. Example is Taiwan fund as I focused on China and Taiwan will get the benefit of that, I thought.

2. Political agenda related like agriculture sector is limited growth when political stake is high. Knowing that there will be election in France, U.S. South Korea next ear,it will be difficult to put the price higher.

3.

UT Holdings Track Name of Fund Payment Method IA Status Available Quantity Weighted Average Cost (SGD) Cost (SGD) Indicative Price Current Value (SGD) Profit (SGD) Profit (%) Buy More BNP Paribas Agriculture (SGD) Fund Cheque - 3,223.8320 0.775 2,500.00 SGD 0.69350 2,235.73 -264.27 -10.57 DB Platinum Commodity RIC-C SGD Hedged Cheque - 394.5050 7.604 3,000.00 SGD 7.32000 2,887.78 -112.22 -3.74 First State Glb Resources Cheque - 876.8500 1.709 1,498.68 SGD 1.55940 1,367.36 -131.32 -8.76 HGIF Korean Eqty SGD Cl AD Cheque - 139.3450 21.439 2,987.48 SGD 22.39000 3,119.93 132.46 4.43 HGIF Taiwan Eqty SGD Cl AD Cheque - 59.5390 16.796 1,000.00 SGD 16.19200 964.06 -35.94 -3.59 Henderson Global Technology Cheque - 1,930.4200 1.554 3,000.00 SGD 1.41000 2,721.89 -278.11 -9.27 Total 6,624.4910 13,986.16 13,296.75 -689.41 -4.93