Asia ex-Japan funds relinquish much of their gains


It was a volatile month as the rally of the first few weeks petered out and markets gave up much of their gains. The MSCI Far East ex Japan closed up 1.2%.

NT Asian Discovery was up 3.75% on the month, taking three-month figures to 6.41%, and Asean Small Cap Fund was up 5.13% during June to leave second-quarter returns at 2.90%.

Akshayam Asia Fund Ltd was up 0.37% taking three-month numbers to 2.13% and Knight Asia Contrarian was off by est. 0.51% taking three-month figures to 1.03%.

Binjai Hill Asian Acorns was up 0.87% to take Q2 numbers to -1.26%