Long-standing Asian manager Ward Ferry is creating a strong buzz in the investor circles with its continuing strong performance this year. Its flagship WF Asia Fund was up another 0.6% in October, edging up the year-to-date performance to 21.03%.
In October, overall gross exposure was 124% and net 45%. Largest gross exposure was in Japan, followed by India, then Indonesia and finally, Philippines.
The Hong Kong-based firm, set up by former Lloyd George Management colleagues and iconic portfolio managers Scobie Ward and Peter Ferry in 2000, also runs the WF Asian Smaller Companies Fund. This fund delivered