Truston Korea on the up again

by

Singapore-based Truston Dynamic Korea Fund shone in October, delivering one of its strongest performances this year as it generated a 4.83% return after an equally strong showing in September when it clocked a 4.97% gain. That brought year-to-date returns to 21.31%.

Portfolio manager Moo Kwang Lee says most of his pair trades worked well during the month except for a few in the auto and IT sectors.

He noted that during the month the KOSPI fell 4.22% on a local currency basis against a backdrop of very close presidential races in both the US and Korea. The fund’s