Leopard Capital's Asia Frontier Fund was up 6.0% in January 2013.
The Cayman-domiciled private equity fund was invested in 94 shares, one closed-end fund, one GDR and held 4.6% in cash as of January 31.
During the month, the firm added 10 new Mongolian consumer staple and mining stocks and a Vietnamese steel pipe producer while increasing its existing positions in Bangladesh, Mongolia, Pakistan, Papua New Guinea, Sri Lanka and Vietnam.
The two biggest stock positions are a power producer from Laos (6.2%) and a pharmaceutical company from Bangladesh (5.4%). The countries with the largest asset allocation include Vietnam (18.6%), Sri Lanka (15.6%) and Bangladesh (12.6%). The sectors with the largest allocation of assets are consumer goods (36.4%) and financials (14.3%).
All the country indexes but one in LAFF's universe were positive in January. The exception was Cambodia, which remained flat, while Laos and Vietnam, the best performers, added 18.0% and 16.0%, respectively.
The Leopard Capital Asia Frontier Fund, founded in April 2012, returned 0.15% last year.