Dear Investors and Friends,
As of March 2014, Binyuan China H strategy has been up for 12 month. The strategy has gained 23.4% while the market was down by 6%. The fund beat the MSCI China index by 29.4%.
From June to March end 2014, the A share strategy has achieved a positive return of 2.91% compared to a negative return of 16.18% for the market, a 19% difference for the nine-month period.
For the first quarter in 2014, Binyuan H fund was 9.69% better than the market. The fund has gained 3.86% versus MSCI China Index was down by 5.83%.
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