Hi Jeff, Congrats on NTES. It's an interesting Chinese internet company and it must have taken some courage to start just after a selloff. LD AIM was a good way to handle the risky situation.
Your experience with NTES reminds me of when I first converted to LD-AIM in 2003. My total portfolio value rose 77% that year. I kept on having these successful short lived programs like yours, and their replacements kept performing as well.
Sad to say those heady days are over. Now I have to fight along with everybody else.
72% cash? I haven't seem that much since my first week with AIM back in '99. Do you have new issues you're tracking?