Savvy stock-picking came to fruition for the ROCIM Asia Opportunity fund in October - the fund gained 6.67% for the month taking year-to-date performance to 29.01%. The Hong Kong-based Asia ex-Japan long/short equity fund continues to do well into November - by the 13th the fund was up 7.9% for the month.
Most of the positions that did well did not have much correlation to the market. Instead, they were attractively valued companies that exhibit strong earnings growth, says ROCIM's Walter Chang.
The fund was well-positioned to take advantage of October's announcements of better-than-expected third quarter earnings. The