Ginga Service Sector fund reaps 3.7% year-to-date for yen class


In what has proven to be a difficult month for Japanese equities, the Ginga Service Sector fund stands out as a positive performer for the month, with the yen class up 1.04%, and 3.7% year-to-date. Against a backdrop of quite volatile global equity markets, Japanese equities recovered in the first half of June, followed by a sell-off in the second half, ending the month negative overall.

During the month, the Ginga portfolio was continuously rebalanced, focusing on relative valuation changes among individual stocks on both long and short side, explains Stats Investment Management's Yhu Kuni. This meant picking