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From Komfie Manalo, Opalesque Asia:

The June 2009 report for BM Greater China Asia Fund II Ltd showed that the fund netted a return of 5.19% for the month of June while YTD performance appreciated by 23.76%. Since its inception in March 2004, the strategy had gained 100.07%.

The report, released by Bridge Partners Investment Management Ltd and U.S.-based Magnum Funds, said that since August 1, 2007, a limited partnership version of the fund was available to U.S. taxable investors.

Greater China markets outlook Greater China markets ended mixed in June; Taiwan market was down 6.7% for the month on profit taking after surging 15% in May, while Hang Seng and HSCEI were up 1% and 5% respectively. Shanghai A was up 12% as China’s pledge to maintain ample liquidity in the financial system in order to sustain growth.

China According to the report, China’s recovery is becoming more evident as property prices in 70 major Chinese cities rose 9.2% yoy in May, following a 10.1% rise in April, with strong sales volume. The pick-up in the real estate sector is a sign that China could be emerging from its slump, as the ample liquidity and 4 trillion yuan stimulus plan took effect.

Another sign of recovery is China’s power production which increased by 3.8% yoy in mid-June, the first time back to the positive territory since March 09. Guangdong province saw power production rose ......................

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