HDFIV Report Card @ 5 Sept 2008

Performance:
HDFIV is currently beating KLCI by 7.80% (29 Aug 08: 5.79%) at a loss of 11.75% (29 Aug 08: 11.50%) while KLCI suffered a loss of 19.55% (27 Aug 08: 17.29%). KLCI continued its downtrend as Dow Jones Industrial Average suffered a 300 over points drop as well as the political uncertainties that have yet to see any light at the end of the tunnel. Our fund has managed to extend our gap with KLCI's performance with the contribution of our holdings that have been holding relatively steady during the week as well as the dilution of losses from our monthly cash inflow.

















Portfolio:
No purchases and sales this week.


















Asset Allocation:
Cash increased to about 20% from 7% after the monthly cash inflow.






















Strategy:
With the exciting date i.e. 16 Sept 08 around the corner, we would prefer to stay on the sideline during this period. We are not timing the market but waiting for opportunity to sweep some cheap stocks if KLCI happened to react badly on political developments. Stocks under radar are Resorts World and Bursa Securities.