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Banking on the 3-Rights

Right price, right business and right management are key, writes GENEVIEVE CUA

FUNDS which profess to be absolutely return-oriented typically wield a number of tools to achieve this - cash, short sales of securities, market timing and derivatives, for instance. Not so for Yeoman Capital Management. The home-grown firm, whose flagship fund has an enviable 16-year track record, eschews cash and market timing in its quest for absolute returns. Instead, the Yeoman 3-Rights Value Asia Fund relies on old fashioned, long-only value stockpicking, and stays fully invested at any single point in time. So far, the results have been rewarding. In the current year to end-October, the fund has generated returns of 19.34 per cent, compared with the MSCI Far East ex Japan index return...

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