Asian markets continued to advance in April with good news in economic data, particularly in China. A number of funds posted very strong returns.
Hamon Oriental was up 29.48% to bring three-month returns to 37.09% and Doric Asia Pacific Small Cap was up 13.11%, putting three-month numbers at 19.81%.
Pangolin Asia was up 35.77% to bring three-month returns to 39.25%. The fund's exposure in Indonesia, Malaysia and Singapore gained, thanks to strengthening regional currencies and rampant share prices.
Scobie Ward and Peter Ferry's WF Asian Reconnaissance Fund was up an estimated 11% to bring three-month numbers to 26.47%. Green Dragon