Pangolin Asia fund enjoys 7% spurt

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An abrupt turn in sentiment in Southeast Asian equities rewarded the Pangolin Asia Fund, which was up 7.01% in February. The change was quite sudden; most of last year was marked by economic growth and increased earnings but growth that did not extend to stock prices, explained Pangolin’s James Hay.

“Suddenly, for some reason, many investors have woken up to this and are realising that there are some very cheap stocks in places where the economies are still growing,” he said.

Pangolin, which has been snapping up undervalued companies in the region, is seeing its investments pay off.