Increasing appetite for agriculture and gold plays

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All the long sectors favoured by Pacific Group’s Greater Asian Hedge Fund – gold and gold-related stocks, agriculture, security and utilities – did well in April, culminating in a 3.48% gain for the month. For example, the fund took profits on Australian agriculture stocks due to currency concerns, but then added to sector holdings in Singapore and Malaysia, explained Pacific Group’s Cecilia Mak. The short book was relatively small and so short losses were minimal in April, she says.

The fund will continue to focus on these sectors – gold should do well in the face of a