Asia continues to perform as funds of funds in the region are up by 1.28%

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Asia Pacific fund of funds were the best-performing strategy on the month, the median up 1.28%, taking year-to-date numbers to 0.55%.

During the month markets in Asia were mixed, with China, India, Taiwan and Australia slightly off, while others such as Indonesia, the Philippines, Singapore, Japan and Thailand posted strong gains.

Of funds in the sector, van Biema Asia Value was up 3.5% on the month to take three-month numbers to -0.27%, while StoneWater Capital Asia (ex Japan) was up 3.4% to put three-month figures at 1.55%. MB Asia Select was up 2.82% taking three-month numbers to 0.29%,