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Our Pan Geo Global Capital Appreciation Portfolio unlevered total rate of return is 71.1% from inception on November 15, 2000 to July 18, 2010 (average annual rate of return is 5.7%). Over this time, it has outperformed its global hybrid benchmark by 77.9%.

Our Pan Geo 100% American Strength Growth Portfolio unlevered total rate of return is 103.1% from inception on July 15, 2002 to July 18, 2010 (average annual rate of return is 9.2%). Over this time, it has outperformed its hybrid benchmark by 62.1%.

Performance Record

100 countries not currently among Pan Geo Investments' global Weighty 83 ("WE") Index™ countries are shown on Also Eligible Page including links to their stock exchanges. To view the Weighty 83 ("WE") Index™ countries, the first 83 countries of our Pan Geo Investment Global Table©  containing direct links to capital market exchanges around the world, please scroll towards the bottom of this page.

This Performance Record section outlines the details of our performance record to date. For a quick overview of our performance versus well-known indexes, please refer to tables of the Welcome Page. To order advice from a registered Investment Advisor, go to the OrderAdvice  and Know Your Client  Pages. To order our investment data products, which do not constitute investment advice, visit the InvestorDataBlock  Page.

Please link to Investigations, Investigations0, Investigations1, Investigations2, Investigations3 and Investigations4 web pages here regarding climate change, ecological survivability and Pan Geo Investment Eco-Flags Table©™. Pan Geo Investment Investigations support our independent portfolio investment advisory services. Our current list of Sky Blue, Forest Green Eco-Touring Countries™, Dusty, Sandy Brown Afflicted Countries™, Murky, Hazy Crimson Red Sunset Countries™ and Smoky Gray Day, Carbon Black Night Countries™ are shown there along with our explanations of their ecological risks and related commentary. Those countries are also indicated with various blue, green, yellow, brown, red, pink, purple and gray-colored boxes in Pan Geo Investment Global Table© below. They are the same color schemes as in the Eco-Table. For example, we show Sky Blue, Forest Green Eco-Touring countries with various blue and green-colored boxes in both tables. The color scheme is as shown in the following table.

We feel a commitment to the general public, a fiduciary responsibility as Investment Advisor, to objectively and unequivocally present our performance record to you. We believe that if our customers put their trust and faith in us, we owe it to them to prominently display this important information. Hence our use of marquee banners on each page of this website and a lot of detail in this section on how we are doing to date.

We have never had any other mutual portfolio offering other than the two described below. This means there have been no discontinued portfolios or folding of one portfolio or fund into another. We generally do not track the performance of custom designed portfolios we produce for particular clients.

To date our performance numbers vis-a-vis most fund complexes are excellent since the majority of the latter do not beat their relevant benchmark. Unlike most hedge funds, we do not employ leverage or we report our performance on an unlevered basis for comparability.

There can be no assurance that outperformance of our portfolio investment advice will continue. Our results include all dividend and interest payments on portfolio securities but do not assume reinvestment of same. The calculation of absolute performance results deducts 0.1% (10 basis points) for expenses. At any given measurement point the decision as to who is ahead, the indexer's or us, is made before allowing for expenses.

To enhance objectivity and better reflect portfolios and funds global in scope, for our Pan Geo Global Capital Appreciation Portfolio we reference to FTSE World Index™. We have also developed an alternative hybrid global index against which we measure our performance. It is referred to as Weighty 83 Index™ and it is described in the following section along with performance results of Pan Geo Global Capital Appreciation Portfolio versus Pan Geo Investments' global Weighty 83 Index. Also refer to the table on the Welcome page for our running average total return results.

On a cumulative basis, we have outperformed FTSE World Index by 77.9% total return from our November 15, 2000 start date to July 18, 2010 including the effects of all changes in relative currency values. On an average annual return basis, we are ahead of FTSE World Index by 6.4% per year. In absolute value terms, we are currently averaging 5.7% annual rate of return gains. $10,000 invested at inception 9.67 years ago in Pan Geo Global Capital Appreciation Portfolio would have become $17,110 by July 18, 2010 including the effect of all subsequent portfolio updates. Turnover in Pan Geo Global Capital Appreciation Portfolio for the last year running has been higher than average.

Our Pan Geo 100% American Strength Growth Portfolio™ is compared with a hybrid benchmark having 33.333% emphasis on each of NASDAQ Composite™, Russell 2000™ and S&P 500 Indexes™. Over the interval of our July 15, 2002 start date to July 18, 2010 we have outperformed this hybrid benchmark by 62.1% total return, and 4.9% in terms of differential average annual return per year. In absolute value terms, we are currently averaging 9.2% annual rate of return gains. $10,000 invested in Pan Geo 100% American Strength Growth Portfolio at inception 8.01 years ago would have become $20,310 by July 18, 2010 including the impact of all subsequent portfolio updates. Over the past year, portfolio turnover has been high.

On a cumulative basis, PI2™ plus advisor has to July 18, 2010 systematically beat our FTSE World™ and equally-weighted hybrid US index indexer competition at 414 of 422 approximately-evenly-spaced, bi-monthly time points. This is 98.1% of the time. We were underperforming those indexes at only 8 data points. At each of the 422 time points to date, we have measured our performance relative to the hybrid benchmark set for each portfolio. Pan Geo Global Capital Appreciation Portfolio™ accounts for 226 of 231 of these data points where we are ahead and Pan Geo 100% American Strength Growth Portfolio™ makes up 188 of 191 performance measurement time points where we were outperforming the respective indexer competition.

Also on a cumulative performance basis, we have been ahead of Pan Geo Investments' global Weighty 83 Index™ at 72 of 231 measurement points which is 31.2% of the time. Pan Geo Global Capital Appreciation Portfolio™ is currently lagging Weighty 83 Index™ by 94.1% in total return or 4.9% on an average annualized return difference basis. This performance deficit, most of which came about from mid-2005 to the beginning of 2008, set off bells ringing at our place. It prompted us to produce the following Pan Geo Global Index section plus additional automation behind the scene that goes into authoritative, efficient and reliable production of Pan Geo Investment Global Table© , the first 83 countries of which are shown in the table below.

Pan Geo Investments' Global Weighty 83 Index™

We have developed our own benchmark hybrid index to measure the performance of global portfolio investment, and in particular, the Pan Geo Global Capital Appreciation Portfolio™.  This index is referred to as the Weighty 83 Index™. Its performance since our start time, November 15, 2000 is significantly better than FTSE World Index™. Pan Geo Investments' global Weighty 83 Index has country weightings that are markedly different than that of many popular global indices and funds. We feel Weighty 83 Index does a better job of reflecting where growth is occurring globally. It provides a beacon to guide us in our reconnaissance efforts for Pan Geo Global Capital Appreciation Portfolio.

As of July 18, 2010 Weighty 83 Index has a total return of 165.2% since November 15, 2000. During this time interval, Pan Geo Global Capital Appreciation Portfolio performance lags the Index by 94.1% total return which is equivalent to underperforming this index by 4.9% in terms of average annual return. 

Upon request, we report on the current global weightings of our Weighty 83 Index to our advisory customers at the time their orders are filled. At the current measurement point, the relative contribution to Weighty 83 Index performances of Algeria, Angola, Ukraine, Ecuador, Sudan, Oman, Iraq, Tanzania, United Arab Emirates, Kuwait, Azerbaijan, Syria, Qatar, Libya, Belarus, Guatemala, Cuba, Serbia, Uzbekistan, Ethiopia, Panama and Dominican Republic stock markets were prorated based on results for the other 61 nations. We provide the following table of information to give you some idea of where the current make-up of Pan Geo Global Capital Appreciation Portfolio differs from Weighty 83 Index. At this point, there is considerable variation between the two. As time goes by we anticipate moving closer to the portfolio weighting implied by components of Weighty 83 Index, however, our overriding objective is to outperform all relevant global indices including this one. 

The following Pan Geo Investment Global Table© displays our 2007, 2009, 2011, 2013, 2015, 2017 and 2019 rank order of highest to lowest weighted countries in Weighty 83 Index (in columns 3 to 9 respectively). In column 5 is our current outlook for 2011 for Weighty 83 Index. Our current projections for 2013, 2015, 2017 and 2019 are in columns 6 to 9 respectively. These estimates are inherently much more volatile and uncertain than that for 2011. Nevertheless, we will monitor over time our changed expectations for 2019 as, for example, green growth grips certain nations with significant beneficial impacts. We also anticipate seeing reflected in our evolving data how smoky grey type growth attenuates or atrophies growth as pollution causes various physical breakdowns and decay in particular countries that play down or circumvent environmental imperatives.

In column 10 is shown the corresponding current rank order of weighting by country in Pan Geo Global Capital Appreciation Portfolio. The weighting column 11 entries summarize Pan Geo Global Capital Appreciation Portfolio weighting versus that of Weighty 83 ("WE") Index. Residual refers to Pan Geo Global Capital Appreciation Portfolio securities that very likely have exposure to that country's currency.

A positive percentage value in the Annual Net Performance % column 12 means security issuers in Pan Geo Global Capital Appreciation Portfolio from that country have collectively outperformed Weighty 83 Index to July 18, 2010 by that much. So the Pan Geo Investment Global Table© shows relative outperformance versus Weighty 83 Index in terms of annualized total return percentage of securities attributed to each country that are now, or once were, included in Pan Geo Global Capital Appreciation Portfolio.

Note that some values applicable to this portfolio are contained in the 100 country Also Eligible portion of the table which can be seen on Also Eligible Page of this website. This is due to the fact that we do not limit Pan Geo Global Capital Appreciation Portfolio to include securities of only the 83 countries currently in Weighty 83 Index. Nor do security issuers from the 83 countries shown below operate without potential exposure to the 100 Also Eligible countries or their currencies. We consider it to be an important part of our job as Investment Advisor to assess and incorporate those exposures in our analysis which is no easy task.

In the case of United States of America, a risk capital-weighted addition of the result from US securities performance in Pan Geo Global Capital Appreciation Portfolio relative to Weighty 83 Index with a similarly-calculated result from Pan Geo 100% American Strength Growth Portfolio versus its equally-weighted hybrid index yields a combined net performance value to July 18, 2010 of -0.2%. If we exclude the effect of the latter portfolio altogether comparability is enhanced since then every country is shown in the table below with a net performance % value versus WE Index only. For the USA, that value is -6.2% as of July 18, 2010. Taiwan annual net performance is 1.1% versus WE Index as of even date. By portfolio weighting, Taiwan is ranked 46th overall in Pan Geo Global Capital Appreciation Portfolio.

All else being equal, positive Annual Net Performance % values signal to the portfolio manager or adviser to pay attention to the possibility of further investment in that jurisdiction. We generally follow this prescription as best we can in our global search for securities. However, to date our PI2™ program has delivered all our final recommendations for portfolio investment and we have not yet overruled what its telling us to do at any particular time.

Also note that Current WE Index and Capital Appreciation Portfolio Rank position numbers for countries shown in both parts of Pan Geo Investment Global Table change over time as will the Weighting and Net Performance values. We intend to reflect those dynamics and make changes as soon as we have updated information and analysis that warrant it.

Please note that almost all links to exchanges provided in column 2 of this table land on web pages having an English tab, link, button, letters or perhaps a flag icon of the United Kingdom somewhere on that page. Click on it if you want to go to the English language version of their website.

See Also Eligible Page for the next 100 countries in Pan Geo Investment Global Table.

Comment

July 11, 2010 -  People can debate whether proceedings involving various countries should require unanimity, a super-majority, a simple majority, etc. There are, of course, no easy answers here but this is the one we like: Arrange an inner round table-dot of nine countries composed of seats for the top nine countries as listed above in Pan Geo Investment Global Table (orange band). This includes the five permanent member countries of United Nations Security Council plus Japan, India, Germany and Brazil. An inner ring of 19 more countries supports the big nine in deliberations (light orange band). So now we have a total of the top 28 nations involved. A third, middle ring is made-up of the next 55 nations as numbered from 29 to 83 for the year 2019 in this Table (golden yellow band). The outer ring of power consists of the remaining countries most of which are shown in the portion of Pan Geo Investment Global Table displayed on Also Eligible Page of this website (yellow band). If, for example, progress on ecological breakdown, climate change, pollution and so on is deemed to be too slow, cumbersome and/or ineffectual, then this structure provides a promising, alternative way to reach agreement. The first nine nations thrash out what they believe can be achieved say at Cancun, Mexico towards year-end, 2010. They consult as deemed necessary then pass their results to the inner ring countries for their input, review and assessment. If changes are many and disagreement too extensive, those compromised results are next passed back to the first nine again. When the inner nine nations approve the newly-revised form, those documents are sent back to the next 19 ring of countries. If say all 28 have now agreed to something valuable, the file is then relayed to the middle ring of 55 countries for their views, feedback, thoughts regarding approval and so on. When all the iterating back and forth among the 83 countries is finished utilizing this process, then it goes to the outer ring for the final stage of either reworking and pass-back or final approval and ratification by all member states. The idea is to expedite decision-making. The larger, innermost group have to reconsider, redo, re-approve before it goes to the next ring of power so to speak. The others wait to see what comes when it comes. We identify with the plight of smaller, poorer, less-developed countries especially regarding the ultra-serious matter of climate change that is now with us forever-more. We are among the little people here in the industry we operate and often we really do not like it very much at all, it can be very frustrating. However, we have to accept that there are some seven billion economic actors out there so there are many things that are going to happen as regards our work life that we have pretty-much no control over. The same is true progressively for smaller and smaller countries, a corresponding loss of control over events has to be expected. But we have learned to accept our position; at least we are participating peripherally in the grand game we choose to play in. If every little company in an industry had to be listened to endlessly by the relevant government and regulatory authorities, decision-making would be unwieldy or could be paralyzed. Not a good idea when the matter before us is global warming, pollution and loss of species. We give this analogy here so the ring structure presented above hopefully will not be perceived or interpreted as a slight to anyone, anywhere. It's really an expeditious mechanism for fair decision-making involving billions of people.

Pan Geo Investment Inc., a trusted advisory for the new millennium, has been producing globally-integrated portfolio investment evaluations transparently using our exclusive, proprietary software since 1991, the dawn of the Internet.

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Trademarks™: FTSE World Index and FTSE All World Index are trademarks of Financial Times of London. S&P 500 Index is a trademark of McGraw-Hill Companies. NASDAQ Composite Index is a trademark of National Association of Securities Dealers.

Acknowledgement: We acknowledge the Government of United States of America as a primary source for key input data utilized in production of Pan Geo Global Weighty 83 ("WE") Index. We referred to International Monetary Fund data on consumer prices to guide inflation estimates for some countries.