Japan funds banish the blues with an encouraging rebound in June

Thu Jul 19, 2012



In June, the Japanese market finally broke out of the doldrums, rebounding by 6.9% in local currency terms. The first half of the year has been tough for hedge funds, though, and most have struggled to beat the TOPIX index, which is now up 5.7% year-to-date.

UMJ Kotoshiro is up 12.02% year to date after a 0.94% gain in June, while a solid 7.55%...

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