Penjing Asia Opp. Fund SPC -

Fund Investment Objectives

The Investment Objective of the Beta Select Segregated Portfolio is to seek to achieve long-term capital growth by making investments in a range of underlying funds predominantly in long only Asian equities The Beta Select Segregated Portfolio will invest at least 90% of its assets in Underlying Funds investing primarily in the Asian region and a maximum of 10% of its assets in Underlying Funds investing in other markets. The weighting allocated to these main types of investments will generally represent the Manager's belief in the investment merit of the opportunity in such funds, balanced against the Manager's macro view of the Asian economy. In selecting the Underlying Funds, the Manager will employ a multi-manager approach investing in Underlying Funds which may include long only funds, mutual funds and exchange traded funds.