10 Aug 2023 RG8 investor letter – Period to June 2023
“We should invigorate the capital market and boost investor confidence.”
– China’s Politburo, July 2023
For the twelve months ended 30 June 2023 (FY23), Regal Asian Investments Limited (ASX:RG8) generated a net portfolio return of +8.3% after all fees with an average net exposure of 64%.¹ The share price of RG8 increased +16.8% over the period, with the Company
declaring and paying two semi-annual dividends through FY23, which total $0.10 per share.
In June 2022, portfolio management responsibilities for RG8 were transitioned to Regal Funds Management, with FY23 representing the first full-year of performance under the Regal team.
In our letter, we discuss some of the regional themes driving our investment decisions, alongside an update on a number of key portfolio positions.
¹ Past performance is not a reliable indicator of future performance and should not be relied upon as an indication of the future performance of any fund or strategy