We cordially invite you to this event from the Australian Chamber of Commerce in 
Beijing:

"Cocktail Seminar- Reducing Risk and Boosting Performance - How limiting your risk 
can be the key to unlocking higher returns" - 24 May - Capital Club

Austcham Beijing and BritCham bring you an interesting seminar on Value Investing, 
the history of value investing and the efficiency of stock markets as well as the 
historical returns of using this investment strategy.
 
A well-known investment concept is the Risk / Return Trade-off. This states that in 
order to generate higher returns, one must accept a higher risk of incurring losses 
on invested capital. Buying AAA-rated government bonds (lowest possible risk) will 
provide a guaranteed but very modest return. Buying blue-chip equities 
(comparatively high risk) has historically provided far superior returns, but 
provides no guarantee as to the constancy of returns. This means that an investor 
who buys at an opportune time (when the stock market is low) can earn tremendous 
returns for several years. But buying at an inopportune time (just before a market 
crash) could leave the same investor nursing potentially substantial losses until 
markets recover.
 
The purpose of this seminar is not to suggest that investing in equities can be 
risk-free, but rather to explain how the application of a value-investing 
methodology allows an investor to minimize risk, whilst simultaneously creating a 
scenario in which high returns are most likely.
 
This truely will be an interesting seminar.
 
Time: From 6.30pm
Date: 2006-5-24
Where: Capital Club
Cost: 150RMB for members (Austcham, BritCham and Capital Club) 200RMB for
non members
RSVP: events@austcham.org or visit www.austcham.org

Program
6 ¨C 6.30            Registration
6.30 ¨C 7.15        Presentation
7.15 ¨C 8 / 8.30   Networking and refreshments
8 / 8.30pm        Close

About the speaker: 
Justin Lowes has been a member of AustCham  Beijing for over 3 years and is the 
founder of Lowes Wealth Management, which is a subsidary of Tenbridge Consulting. 
Lowes Wealth Management evolved from the Asset Management division of Tenbridge, a 
financial services company headquartered in Beijing. Tenbridge was established in 
1998. Justin Lowes joined Tenbridge in 2000 and became the owner of the company in 
2002. In less than 6 years, Justin developed Tenbridge to become the biggest 
Independent Financial Advisory company in Beijing, managing millions of dollars on 
behalf of several hundred clients. Increasingly, Justin found the investment 
products available in the marketplace to be lacking; often inflexible and opaque. 
Charges were fixed, meaning that a client paid a set amount, irrespective of 
whether their investments did well. He began to develop the concept of an open-
ended investment account that would allow clients the flexibility to access funds 
at any time and without penalty; the transparency of knowing exactly what they were 
being charged and when; and a charging structure that meant that the fees payable 
by clients were dependent on the performance of their investments.