June saw all Asia-Pacific strategies achieving positive returns over the month, although not all outperformed the benchmark indices. The Nikkei gained 7.82%, but the Bank of Bermuda AsiaHedge Japan long/short universe lagged behind with a rise of only 3.04% in yen terms. Asia inc-Japan gained only 3.43% compared to a gain of 6.32% for the MSCI Pacific free net. In contrast, Australian funds had a particularly good month, gaining 1.69%, outperforming the Australian All Ordinaries, which put on just 0.64%. The Asia ex-Japan universe also saw a good month - up 4.11%.
Bank of Bermuda AsiaHedge Index