Selector December 2011 Quarterly Newsletter

8/13/2019 Selector December 2011 Quarterly Newsletter

1/20

In this quarterly edition we review performance and attribution. We focus on the global gas hub, gas reserves, supply and price differentials and importantly the potential impact on global trade imbalances between China and the USA. Photo of natural gas tanks located at the Henry Hub, a refinery and storage facility operated by Chevron subsidiary Sabine Pipe Line in Erath, Louisiana.

Selector Funds Management Limited ACN 102756347 AFSL 225316 Level 3, 66 Hunter Street Sydney NSW 2000 Australia Tel 612 8090 3610 www.selectorfund.com.au

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of Contents

1: Letter to i

4: Performan

4: Performan

4: Portfolio T

7: Henry Hub

13: Why we

16: World Ba

18: Company

20: Portfolio

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