Akshayam strategy reaps rewards


Singapore-based Akshayam had a good run in October as several of its investments ideas played out. The fund was up 1.53% in October and has notched positive returns in every month of the year except in March and May, with year to date gains of 14.3%.

The fund’s investment in Thai Beverage paid off handsomely, with the company improving earnings significantly and completing the much anticipated acquisition of Fraser & Neave this year.

Akshayam has also been bullish on Singapore REITs, independent power producers in China and consumer companies in South-East Asia, all of which saw stock price