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Dear Friends,
We are pleased to share with you the October 2019 newsletters for the portfolios managed by the Generation Z Investment Club (“Z Club”). Generation Z Portfolio, aggregating six portfolios managed by the Z Club teams, was up 0.8% in Oct 2019, bringing YTD to -0.1%.
Please note that Z Club’s Endowment Program is not open for external capital and managed solely for an educational and experience purpose.
Please click the link below to read the latest monthly newsletters, written by our members. Chinese version is also available on our Wechat Public Account. Please share your feedbacks with us for our members’ benefits. Constructive criticism is always welcome. We are also happy to connect you with any team members if you find their newsletters interesting.
Team GenBridge’s A Fund link
· Invest in businesses that “any idiot can run”
· Discussion on new positions: Baidu and Tiali Education
Team Icho’s Goat Fund link
· Discussion on Juewei
Team Star Magnolia’s Techplus Fund link
· Discussion on US-China Trade War
· Update on ZTO
· Discussion on Meituan-Dianping
Team Femme Fatale’s Femme Fatale Fund link
· Discussion on PVH’s recent earnings
Team Arisaig’s Viva Fund link
· Discussion on new idea: Kellogg
· Update on AT&T
Team Veritas’s Veritas Aequitas Fund link
· Further discussion on the Investment Thesis
· Update on Alibaba (40% of NAV)
As you know, Z Club is a non-profit organization established in 2018 with the aim of helping our next generation to start their journey of becoming investors with a long-term mindset. As a part of our program, we provided initial $5,000 capital to be managed by 6 teams (the “Endowment Program”). Each team is comprised of 3-4 university students in China and Singapore. They manage highly concentrated portfolios of public equity positions based on their fundamental research. The investment process is designed to be collaborative and structured as each investment must be discussed and agreed at an investment committee.
We welcome your feedback and suggestions. If you know someone who is interested in offering internship opportunities for students who are gaining real-money investment experiences based on their own judgment, please let us know.
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