Rally's end sees big gains for many funds


Although the rally in Asian markets petered out in June, many funds have now made exceptional gains over the year to date.

Hamon Oriental was off by 1.32% in June, but year-to-date returns are 73.9%, while an estimated 0.33% dip for WF Asian Reconnaissance Fund leaves six-month numbers at 49.32%.

APS Asia Pacific rose 3.42% in June taking six-month numbers to 54.62%. The fund played the Chinese power industry recovery story, with top stocks including China Power International, Huadian Power International, China Shineway Pharmaceutical, Virgin Blue, Powerchip CB and Nippon Denko.

Pangolin Asia Fund saw a 4.18% monthly gain