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2003
PMD International, Inc.
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Fund Management
PMD
and its Bermuda-based affiliate, PMD Fund Management Ltd, are the Investment
Advisor and Manager, respectively, for ASEAN Growth Investments Ltd.
("AGIL"), a Bermuda exempted company created to invest in small and
medium-sized,
privately-owned companies in the ASEAN region. AGIL capitalizes on
opportunities in Southeast Asia by drawing upon
PMDs familiarity with the region, extensive business contacts and expertise in
identifying sound companies and projects.
PMD
management and staff, with over two
decades of experience in these markets, have built a strong network of business and
professional relationships.
The
senior staff of PMD have identified and structured corporate investment
opportunities in ASEAN and similar markets through several business cycles.
These investments have prospered during economic downturns as well as
periods of expansion. PMD is applying this experience in AGIL, an
aggressively managed investment fund for the benefit of a small group of
institutional investors. PMD identifies, structures and implements
investments, provides continuing supervision and advice and manages
divestment.
Success
in emerging markets investment requires extensive local knowledge, business
relationships, experience, detailed due diligence and frequent management contact and
supervision. PMD provides this required expertise.
While a complex niche, this area of emerging markets
investment offers the potential for very high performance over the medium term if the time, effort and
attention to detail are invested. AGIL represents a vehicle for direct
equity investment in a pool of investments, spreading and diversifying risks
while offering high returns. AGIL's
investment strategy minimizes financial, economic and political risks:
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Investments
in new factories provide local jobs, export earnings & produce
needed products and services
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Investments
are operated in a socially & environmentally friendly manner
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Investments
are small and widely diversified by sector, country & company
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Governments
in target countries support investment in the growth of small &
medium-sized companies
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Revenue
& foreign currency risks are minimized because production is sold
under contracts in foreign exchange
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Bankruptcy
risk is low because the investments are unleveraged
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Many
investments provide significant current dividends as well as the
potential for capital gains
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Projected
returns are unrelated to stock market performance
An
investor in AGIL avoids the gyrations of local or international stock
exchanges and currency markets while benefiting from an aggressively
managed investment in a diversified portfolio of rapidly growing
medium-sized businesses and from the fundamental economic growth of the
region over the medium term.
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