Asia equity funds suffer amid rising oil and gold prices


It was a tough month for Asia funds as assets continued to flow out of emerging and into developed markets, while rising tensions in the Middle East pushed up oil and gold prices, to the detriment of equities. Only a handful of funds managed to achieve a positive result on the month.

Of the few in positive territory, BIA Pacific was up 3.74% to take three-month numbers to 12.45%, while Nezu Cyclicals was up 0.25% leaving three-month figures at 7.89%. Macquarie Asian Alpha Fund was up 0.81% to take three-month figures to 5.91%, and Arnott Opportunities Fund was