The Asia-Pacific Asset Management Asia fund returned 18.21% in October to take year-to-date performance to +11.69%.
The manager noted in their monthly report that they made gains on the currency through an active hedge strategy although the underlying managers in the fund had also performed well in difficult conditions during October.
Meanwhile the Asia-Pacific Asset Management Australian Fund returned -0.77% for the month and -5.03% year-to-date.
Both funds are open to retail investors in Australia.
