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| Fund Overview | The Fund seeks to profit from trading securities which are primarily subject to corporate events or from trading-related securities which the Investment Manager believes are mispriced by the market. The Fund invests in securities that are listed on Asian stock markets and other markets where related securities may be listed and in securities which are listed on markets outside of Asia where more than 70% (by assets or earnings) of the underlying business originates from an Asian country. The Fund aims to generate consistently positive returns which have a low correlation to the Asian stock markets. The objective is to generate 10-20% pa with a standard deviation of 6-10% |
| Manager Comments | The rally in the Japanese market came to an abrupt end as the Nikkei recorded the first negative month of the year driven primarily by the volatility in the JGB yields and the Yen. Investors started to question the sustainability of the stimulus driven rally and this volatility presented both challenges and opportunities for the Fund. The Fund also observed \'yield plays\' such as REITs, Telcos and the Aussie dollar coming under pressure during the month.Deal activity particularly in Japan picked up significantly, with May being the most active month in terms of deal count for the year. The volatility in the Japanese market will continue to offer great trading opportunities around the recently announced transactions. |
| More Information | » View detailed profile of this fund |
