[split] What is a realistic return on value investing?

[CityFarmer]

Not auto calculated as I don't like to look at performance in 6 months time frame, but it can be worked out quickly:

31 Dec 14 price was $5.04 in previous report, now 30 Jun 15 is $5.25. Distributions for 6 months was $0.121. That makes the 6 month return +6.57%.

Thanks for the update. I reckon for those funds focus more on Singapore, will yield lower return based on YTD performance.

FYI, AVF YTD performance was 15.6%, and Yeoman Cap's was 16.2%. Both funds focus on AP, with less weighted in Singapore. Other more concentrated funds under-studies, with AP coverage, have much better performance YTD, with 20-30% return.

I have achieved a lower 9.5% YTD, with 100% in Singapore. I am having a concentrated approach in investing.

(sharing few points from last review)

Indeed that is the reason why I do not like to take short term readings, very prone to fads here & there. Almost all funds dabbling in AP have surged massively in the past 6 months due to a very strong bull run in HK, JP & CN. These 3 countries together with AU generally take up ~60-80% composition in most AP funds.

Your 9.5% YTD in Singapore alone is indeed impressive seeing that STI ETF is only +2.3%. Normally I would caution against 6 month readings meaning anything, but I'm sure you know it better than I do and seeing you are long time VB participant, you likely have seen lots of ups & downs anyway.

But let's not beat ourselves over it. A quick check on fundsupermart shows that the average SG equity focused mutual fund YTD return is 0.02%

A very wise advice, to avoid too much focus on short-term performance. Indeed, SEHK, and China stock market, have made wonder for some funds, even among broadly diversified ones.

Slow and steady should be the way, rather than large up and down swings. I would like to refer to Lumiere Capital performance, which yearly performance has swung between +163% and -63% over the last 8.5 years. The cumulative return was 86%, thus CAGR was 7.6% to-date. Your 9 years (since inception) CAGR was 13.4%.

http://lumierecapital.com/#

Looking forward for more sharing and learning from you.