Panda Portfolio Review (featuring earnings updates)
The week of 19-24 January 2025
Good Morning, hope you’re having a lovely weekend.
Another pleasant week for the Panda Portfolio, so it's much easier to do these when thats the case. Not that we have much in a way of experience of being completely offside, but nevertheless it’s much nicer explaining outperformance than taking credit for keeping up.
This is as good a time as any to remind people that usual reminder that the Panda Portfolio is a product for our premium subscribers. However even with that, do please remeber that the Panda Portfolio is just an expression of *our* view on the Chinese equity space. Its not a definitive list of names nor is it exhaustive, it is tailored with a p to minimise trading in and out, while keeping exposure to key themes that we picked out for the year ahead, and at the same time not letting go of the benchmark too far. It is not a recipe for outright maximising the torque on the portfolio level, but for an as yet undecided market waiting for the catalyst its working pretty well.
That said, it’s not fore everyone, and the difference between a full blown portfolio review is that that incorporates an actual review of one’s overall position and exposure. The idea is to understand what the job of picking up exposure to China and/or Asia is for that particular investor is. This is a reminder that a one-size fits all portfolio can not be that by default and thus one should not be expecting that. So if you are interested in more personalised chat do reach out but otherwise do remember:
**Nothing in this Substack is Investment Advice. This information is provided for informational purposes only and does not constitute financial, investment, or other advice. Any examples used are for illustrative purposes only and do not reflect actual recommendations. Please consult a licensed financial advisor or conduct your own research before making any investment decisions. The authors, publishers, and affiliates of this content do not guarantee the accuracy, completeness, or suitability of the information and are not responsible for any losses, damages, or actions taken based on this information. Past performance is not indicative of future results.**
Having established that, let’s dive in!
ITs been a solid week for us, where the Panda Portfolio outperformed all the indices and clocked in a +3.99% for the week.
