China, Philippines strategies overshadow India, Taiwan


Although the regional index was pretty much unchanged, there was wide dispersion in the performance of markets: India and Taiwan fared worst, while China and the Philippines moved ahead. Hedge funds in this sector posted mixed results.

BDT Oriental Focus had a good month, a 4.2% April leaving three-month numbers at 11.63%. One of the fund’s largest positions, ITC, powered ahead during the month, while Want Want China Holdings also pushed higher as analysts digested its strong results from March. Samsung was up, having beaten expectations thanks to its Galaxy Note faring well against Apple, and TSMC also