A sell-off in the first half of last month was offset by a rally in the second half. Nevertheless, results were mixed for Asia inc-Japan.
James Hay's Pangolin Asia did well, posting a 1.57% gain on the month to take three-month numbers to 12.32%. February's performance was driven largely by one stock, the fund's -second-largest holding, bought cheaply at the end of last year.
APS Asia Pacific was up 1.85% to take three-month numbers to 10.57%, while ARA Asian Asset Income Fund was up 2.31% to take three-month numbers to 6.85%.
CF Ruffer Pacific was up 4.99% in GBP terms