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" The largest individual detractor form performance over the month Sri Lankan
financial, Hatton Bank, which fell around 4% over the month. Investors became
increasingly concerned over the bank's pawning portfolio which offers loans
securitized against gold given the fall in the gold price during 2013.
However, it is trading on price/earnings ratio of 7 and we continue to believe
that the stock is an interesting investment."
" The largest individual detractor form performance over the month Sri Lankan
financial, Hatton Bank, which fell around 4% over the month. Investors became
increasingly concerned over the bank's pawning portfolio which offers loans
securitized against gold given the fall in the gold price during 2013.
However, it is trading on price/earnings ratio of 7 and we continue to believe
that the stock is an interesting investment."
