Mon, Apr 21, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Asian market sell-off stabilizes in July (Part One)

Monday, September 02, 2013

Precy Dumlao, Opalesque Asia:

The Asian market sell-off in June that saw most of the region’s currencies falling, has stabilized in July as most of the regional funds reported modest gains, said Singapore-based data provider GFIA.

In its latest monthly commentary, GFIA reported that the MSCI AC Asia Pacific ex Japan and MSCI AC Asia Pacific were up 1.8 and 1.3% respectively, weighed down by India and Indonesia where current account imbalances continue to grow. Most fund managers saw limited upside, with a few stellar performers who are mainly directional and model driven.

Peter Douglas, GFIA founder, writes "The credit space remained subdued with new issuance mainly limited to investment grade issuers with only a total of $3.7bn of issuances. Most other credit managers ended the month flat and have very much focused on investment grade names that had been overly penalized during the June sell-off. AHP Asia Credit Opportunities rose by 0.9% as they managed to rotate the portfolio swiftly out of high yield issues and into investment grade bonds."

He added that the fund benefited from reducing its exposure in Thai/Malaysia banks and into Korea quasi sovereign bonds.

The Saka Capital Liquid Fund posted its strong performance in the Korean quasi sovereign bonds, that was also its largest position after gaining 1.2% profits last month, GFIA said. The bond is Saka Capital’s defensive portfolio with ......................

To view our full article Click here

Banner
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Classic Auto Funds Limited (CAF) launches several car investing funds[more]

    Bailey McCann, Opalesque New York: A new trend in alternative alternatives is emerging - car appreciation funds. Classic Auto Funds Limited (CAF) is the first to market with several funds that make super elite luxury cars into real asset investments. As a result of growing overseas demand couple

  2. Investing – Big hedge funds bought Puerto Rico's junk bonds, Fidelity explores new trading venue amid flash trade concerns, Crisis-era Greek bonds reward early buyers with big effective returns, Cargill unit discloses stake in Freddie preferred[more]

    Big hedge funds bought Puerto Rico's junk bonds From Reuters.com: Several large hedge funds doubled down on Puerto Rico in last month's giant bond sale despite the U.S. territory's financial struggles, the Wall Street Journal reported, citing confidential documents reviewed by the newspa

  3. Opalesque Exclusive: Hedge fund replicators evolve[more]

    Bailey McCann, Opalesque New York: Hedge fund replicators as a group of products tend to get a bad rap from hedge fund managers who suggest that the best a replicator can offer is dynamic beta capture. A

  4. Opalesque Exclusive: Pensions, endowments, family offices reconsider life settlement investments[more]

    Bailey McCann, Opalesque New York: Hedge funds were once the largest investors in the life settlement industry, now the industry is seeing more interest from pensions, endowments and family offices directly. Life settlements have always been considered a niche part of the investing landscape, an

  5. SEC allows investment funds to use social media[more]

    Bailey McCann, Opalesque New York: The Securities and Exchange Commission (SEC) has released new guidance letting investment funds and advisors use social media to promote client reviews. The guidance seeks to assist investment managers in developing compliance policies and procedures reasonably