Update from UOBAM (11Sep2008)
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The United Global Healthcare Fund (“Fund”) gained 4.61%* (on NAV basis) against its benchmark MSCI ACWI Health Care Index which gained 3.87*% in the month of August 2008. However, the MSCI ACWI Healthcare Index outperformed the broader market MSCI All Country World Index (“MSCI AC World”) for the month of August, 3.87% versus 1.13% respectively.
The MSCI ACWI Healthcare Index has decreased 6.03%, outperforming the Standard & Poor (“S&P”) 500 Index which decreased 11.93% for the year-to-date as at 29 Aug 2008. The out performance has been due to the defensive nature of the Healthcare sector relative to other sectors.
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pls reply to this email waynekohwg@gmail.com so I can send to you individually via email. One file in all: 50kB.
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The United Global Healthcare Fund (“Fund”) gained 4.61%* (on NAV basis) against its benchmark MSCI ACWI Health Care Index which gained 3.87*% in the month of August 2008. However, the MSCI ACWI Healthcare Index outperformed the broader market MSCI All Country World Index (“MSCI AC World”) for the month of August, 3.87% versus 1.13% respectively.
The MSCI ACWI Healthcare Index has decreased 6.03%, outperforming the Standard & Poor (“S&P”) 500 Index which decreased 11.93% for the year-to-date as at 29 Aug 2008. The out performance has been due to the defensive nature of the Healthcare sector relative to other sectors.
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pls reply to this email waynekohwg@gmail.com so I can send to you individually via email. One file in all: 50kB.
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