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Our Pan Geo Global Capital Appreciation Portfolio unlevered total rate of return is 58.9% from inception on November 15, 2000 to February 6, 2010 (average annual rate of return is 5.2%). Over this time, it has outperformed its global hybrid benchmark by 65.6%.

Our Pan Geo 100% American Strength Growth Portfolio unlevered total rate of return is 91.6% from inception on July 15, 2002 to February 6, 2010 (average annual rate of return is 8.9%). Over this time, it has outperformed its hybrid benchmark by 52.8%.

Performance Record

To view the first 80 countries of our Pan Geo Investment Global Table© which contains direct links to capital market exchanges around the world, please scroll towards the bottom of this page. The 100 countries not currently in Pan Geo Investments' global Weighty 80 ("WE") Index™ are shown in the Table portion on Also Eligible  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 refer to Investigations, Investigations1, Investigations2 and Investigations3 web pages here if you would like to see 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 80 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 80 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 65.6% total return from our November 15, 2000 start date to February 6, 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 5.9% per year. In absolute value terms, we are currently averaging 5.2% annual rate of return gains. $10,000 invested at inception 9.22 years ago in Pan Geo Global Capital Appreciation Portfolio would have become $15,890 by February 6, 2010 including the effect of all subsequent portfolio updates. Turnover in Pan Geo Global Capital Appreciation Portfolio for the last year running has been 11%.

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 February 6, 2010 we have outperformed this hybrid benchmark by 52.8% total return, and 4.5% in terms of differential average annual return per year. In absolute value terms, we are currently averaging 8.9% annual rate of return gains. $10,000 invested in Pan Geo 100% American Strength Growth Portfolio at inception 7.56 years ago would have become $19,160 by February 6, 2010 including the impact of all subsequent portfolio updates. Over the past year, portfolio turnover has been 16%.

On a cumulative basis, PI2™ plus advisor has to February 6, 2010 systematically beat our FTSE World™ and equally-weighted hybrid US index indexer competition at 392 of 400 approximately evenly-spaced time points. This is 98.0% of the time. We were underperforming those indexes at only 8 data points. At each of the 400 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 215 of 220 of these data points where we are ahead and Pan Geo 100% American Strength Growth Portfolio™ makes up 177 of 180 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 80 Index™ at 78 of 220 measurement points which is 35.5% of the time. Pan Geo Global Capital Appreciation Portfolio™ is currently lagging Weighty 80 Index™ by 95.9% in total return or 5.5% 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 80 countries of which are shown in the table below.

Comment

January 30, 2008 -  Here's an idea we really like, we call it the Far West TFE (read on please). New concepts can be a welcome stimulus to the marketplace and we sense a bit of a void currently in this area. We will give an example in this comment to illustrate what we mean. Over the years, from time to time based on our work we have really wished we could invest in particular technologies. You know, the pure play as distinct from the entities that pursue those technologies. We have sometimes put a lot of effort into investigating technology "t" only to conclude we did not like its prospects for success. So if there was an electronic board organized as a Technology Futures Exchange ("TFE") we could conceivably have been selling the "t" technology contract short to mitigate some of the losses we sustained from investigating or implementing that technology. The Far West Technology Futures Exchange would contractually define, delimit, describe, initially price, trade or otherwise make a market for say 100 (or 500) nascent and emerging technologies contracts. Those technologies are being worked on in fields, labs, clinics, plants, offices, cubicles, boardrooms, garages, apartments and houses in various localities around the world. That is, the collective effort is likely to be widely-dispersed geographically, being engaged in some form of review, research, development and policy analysis by individuals, corporations, start-ups, governments, agencies of government, non-government organizations, you name it.

We want to give a current, concrete example. Please refer to the bottom of our Investigations-1 page for more about what we wrote concerning carbon separation, capture and sequestration ("CSCS") technology. Our point here is that if the TFE already had a CSCS contract being traded we probably would be like a lot of insurers, lawyers, scientists, technologists and environmentalists, and be queuing to sell short that particular contract. It would be fascinating to observe if we could who would be going long on CSCS. Its one thing to lobby, induce, influence or otherwise capture a government official to contribute taxpayers money to help pay for development of a particular technology for the long-term benefit of a private entity. Its quite another to see just who would put up their own funds to invest in it.

In a nutshell, we think the value of a Far West TFE is for the benefit of society at large as it provides the mechanisms to enable the playing out of pure play bets on various technologies in an accelerated timeframe just as any futures market effectively does. The value of it is it serves as an early warning device or investor-driven referendum. It should help to lessen and prevent poor, misguided, captive or guesstimate-larded policy formulations. The market is transparent and would clearly show there are almost always a series of alternative or competing technologies and accompanying resources at various stages of development. So this claim promoted by some business people and politicians on occasion that we must pursue technology "p" or sacrifice growth is usually quite ridiculous because there is always technology "q", "r" and "s" waiting in the wings. And a TFE should make this abundantly clear to everyone because everything is listed there for all to see. Further, this market is anticipatory and should encapsulate dynamically everything publicly known about various technologies together with their prospects for successful commercialization. Consideration of the relative costs of applying one technology versus a competing technology or alternative source is automatically melded and embedded into the relative demand for those contracts.

See the bottom of  Know Your Client page for our other commentaries.

Pan Geo Investments' Global Weighty 80 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 80 Index™. Its performance since our start time, November 15, 2000 is significantly better than FTSE World Index™. Pan Geo Investments' global Weighty 80 Index has country weightings that are markedly different than that of many popular global indices and funds. We feel Weighty 80 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 February 6, 2010 Weighty 80 Index has a total return of 154.8% since November 15, 2000. During this time interval, Pan Geo Global Capital Appreciation Portfolio performance lags the Index by 95.9% total return which is equivalent to underperforming this index by 5.5% in terms of average annual return. 

Upon request, we report on the current global weightings of our Weighty 80 Index to our advisory customers at the time their orders are filled. At the current measurement point, the relative contribution to Weighty 80 Index performances of Algeria, Angola, Ukraine, Ecuador, Sudan, Oman, Iraq, Tanzania, United Arab Emirates, Kuwait, Azerbaijan, Syria, Qatar, Libya, Belarus, Guatemala, Cameroon, 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 80 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 80 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, 2008, 2009, 2011, 2015 and 2019 rank order of highest to lowest weighted countries in Weighty 80 Index (in columns 3 to 8 respectively). In column 6 is our current outlook for 2011 for Weighty 80 Index. Our current projections for 2015 and 2019 are in columns 7 and 8 respectively. These estimates are inherently much more volatile and uncertain than that for 2009 or 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 9, is shown the corresponding current rank order of weighting by country in Pan Geo Global Capital Appreciation Portfolio. The weighting column 10 entries summarize Pan Geo Global Capital Appreciation Portfolio weighting versus that of Weighty 80 ("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 11 means security issuers in Pan Geo Global Capital Appreciation Portfolio from that country have collectively outperformed Weighty 80 Index to January 3, 2010 by that much. So the Pan Geo Investment Global Table© shows relative outperformance versus Weighty 80 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 80 countries currently in Weighty 80 Index. Nor do security issuers from the 80 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 80 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 January 3, 2010 of -1.2%. 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 -8.3% as of January 3, 2010. Taiwan annual net performance is 1.7% versus WE Index as of even date. By portfolio weighting, Taiwan is ranked 10th 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.

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.

Copyright © 1997- 2010 and Trademarks™: Portfolio Investor 2010, PI2, Pan Geo Investment, PanGeoInvestment.com, Fruit Patch, Weighty 80 Index, WE Index, Also Eligible 100, Pan Geo Global Capital Appreciation, Pan Geo Global Investor Data Block, Pan Geo 100% American Strength, Pan Geo 100% American Strength Growth, Pan Geo 100% American Investor Data Block, Pan Geo Investment Global Table, Pan Geo Investment Eco-Flags Table - Dusty, Sandy Brown Afflicted Countries; Murky, Hazy Crimson Red Sunset Countries; Smoky Gray Day, Carbon Black Night Countries; Sky Blue, Forest Green Eco-Touring Countries; Eco-Flags; Green Earth Memoranda and Solution ("GEMS") and Yellow-Lit Mud Hut Fund are copyrights and trademarks of Pan Geo Investment Inc. and are intended for private, non-commercial use unless otherwise agreed to in writing from Pan Geo Investment Inc.  Reproduction in whole or in part without the express written consent of Pan Geo Investment Inc. is strictly prohibited. All rights reserved.

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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 Investment global Weighty 80 ("WE") Index. We referred to International Monetary Fund data on consumer prices to guide inflation estimates for some countries.