Japan was not spared from the rout in global markets during May: events both at home and abroad saw TOPIX down nearly 11% on the month. Although most funds were down, many are still sitting on gains over the year to date.
Hachiman Japan was down 6.07% on the month to take year-to-date figures to 10.75%, while a monthly fall of 8.23% for Sector Zen left year-to-date numbers at 13.01%. Whitney Select Japan was off by 2.15% (est), leaving year-to-date numbers at 12.96%, and Henderson Japan Select's -4.36% May took the year's numbers to 8.99%.
SPARX Long/Short was down