PMA's Asia ex-Japan foreign exchange and interest rates Harvester Fund navigated successfully through a month of major global macroeconomic developments and uncertainty.
The fund made a number of profitable trades with the Australian dollar and rates in May, which helped it to gain 1.04% for the month. This is the ninth consecutive positive month for the fund and takes year-to-date gains to 9.41%. PMA's FX-Rates team deliberately kept a very liquid portfolio to ensure maximum flexibility, enabling the fund to react nimbly to major market moves.??
This strategy will help the fund to continue to consistently deliver positive results, while