Majesty Fund. Presentation Flow Trading Philosophy and Strategy 1 Behavior Bias 2 Analysis of selected trade 3 Future Prospective 5 Relative and Absolute.

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Presentation transcript:

Majesty Fund

Presentation Flow Trading Philosophy and Strategy 1 Behavior Bias 2 Analysis of selected trade 3 Future Prospective 5 Relative and Absolute Performance 4

Majesty Fund Trading Philosophy 11 Market is NOT efficient ! 22 Believe in Value Investing 33 Believe in Momentum Investing

Majesty Fund Trading strategy

Majesty Fund Behavior Bias

Majesty Fund Adjustments

Majesty Fund Short-term day trading

Majesty Fund 0363 – SHANGHAI INDUSTRIAL HOLDINGS LIMITED

Majesty Fund 0363 – SHANGHAI INDUSTRIAL HOLDINGS LIMITED

Majesty Fund 0363 – SHANGHAI INDUSTRIAL HOLDINGS LIMITED However, there is a series of bad news.

Majesty Fund 0363 – SHANGHAI INDUSTRIAL HOLDINGS LIMITED

Majesty Fund 0005 HSBC 4/2 monthly statement, new stocks released 17/2 announcement of fourth quarter results

Majesty Fund Total Profit: $ $ = $ On 16/4, we sold at the price of HK$84.55 On 8/4, we reinvested at the support price HK$79.55

Majesty Fund Select Trade 3- Speculation (8173.HK) Use at most 30% of money on speculative trading Ride on moment with the help of technical analysis Cut loss strictly at 15% Bet on stocks with highest beta

Majesty Fund Selected Trade- Technical Analysis K line cross from below over the S line Sudden Increase in Turnover => We wait for rising trend

Majesty Fund Select Trade 3- Speculation Buy at Increase stakes at Start profit taking at Lessons learnt When making profit, withdraw part of the money out and let the remaining run for itself.

Majesty Fund Relative performance Majesty Fund HSI

Majesty Fund Relative performance Benchmark:Hang Seng Index Outperform the benchmark! MeasurePortfolioBenchmark Sharpe Ratio Treynor Ratio Return10.92%10.37% Volatility

Majesty Fund Market Efficiency

Majesty Fund Market Efficiency

Majesty Fund Our perspective in 2010

Majesty Fund Late Performance Huge return Rate of return in the last month = 15% Constant return Highest among all funds Rate of return of HSI = 7.4%

Majesty Fund We learned from mistakes We invest in our strongest We have good market sentiment Fact!! These make Majesty Fund the best performed PROVEN

Majesty Fund The End Thank you very much for your attention!