Australia surges as most indices lag benchmarks


The AsiaHedge Composite Index was up marginally, 0.4% in August, compared to the MSCI Pacific Free Index which put on 3.8% for the month.

Australia clocked the best returns with the median putting on 5.56% and just outpacing the Australian All Ordinaries index on 5.52%. Japan was up 1.5% with regard to the median for yen-denominated funds, compared to TOPIX’s 1.7% performance for the month. India was also in positive territory, up 1.97% compared to the Bombay Sensex which lost 0.02%.

All of the other AsiaHedge indices were in negative territory for the month. China was down 4.11%, although