Regal Asian Investments Limited (ASX:RG8) has disclosed a net portfolio return of -19.3% for October 2026, with the listed investment company's post-tax net tangible assets per share standing at $2.41 at month end, according to the company's monthly performance report.

Key Points

  • Net portfolio return for October 2026 was -19.3%, bringing the year-to-date return to -15.0%
  • Post-tax NTA per share was $2.41, with the share price at $2.03, representing a discount to NTA of -15.8%
  • Portfolio size was $344 million, with total gross exposure at 170% of NTA
  • Glen Barnes and Zac Corones were appointed as Co-Portfolio Managers on 2 November 2026, with Philip King stepping down concurrently as part of a staged transition to retirement
  • The 12-month net portfolio return was -9.6%, while the since-inception annualised return was 4.6%

October 2026 Monthly Performance Details

According to the filing, the -19.3% net portfolio return in October 2026 was driven by losses in Korean artificial intelligence-related investments and Australian holdings amid broad-based weakness across Asian markets. Korea was identified as the largest detractor, with the KOSPI falling 16%. Selling was described as particularly aggressive in semiconductor and power infrastructure companies. Named detractors included SK Hynix, Samsung Electronics, Hyosung Heavy Industries, and HD Hyundai Electric. Japan and Taiwan also weakened, though less sharply. Australia was noted as another significant detractor, reflecting weakness across smaller companies and resource stocks. The dividend yield pre-franking over the last 12 months was 8.9%, with 100% franking disclosed.

Portfolio Exposures as at 31 October 2026

The filing disclosed total long exposure of 135% of NTA and total short exposure of -35% of NTA, resulting in net exposure of 100% and gross exposure of 170%. By sector, the largest long exposures were Financials at 39%, Information Technology at 34%, Industrials at 25%, and Materials at 25%. By country of listing, Japan represented a 34% long exposure, South Korea 28%, Australia 36%, and Hong Kong 18%. Australia carried the largest short position at -27%. The portfolio currency exposure was disclosed as hedged to AUD.

Co-Portfolio Manager Appointments Effective 2 November 2026

The filing disclosed that on 2 November 2026, the company announced the appointment of Glen Barnes and Zac Corones as Co-Portfolio Managers of RG8. Philip King concurrently stepped down as Portfolio Manager of RG8 as part of his staged transition to retirement. The filing noted that both Regal Partners Limited and the company had previously announced this staged transition to ASX on 24 August 2026. The filing also stated that effective 2 November 2026, the investment manager will have the flexibility to deploy an Asia-focused index rebalance strategy within the portfolio as a supplementary component to the company's existing investment strategy.