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Komfie Manalo, Opalesque Asia: The global financial markets extended their gains through mid-June even as oil prices spiked while the U.S. economy continued to improve despite increased geopolitical tensions in the Middle East, according to data provider Hedge Fund Research.
HFR said in its mid-June performance note the Global equity markets gained, with leadership from technology, emerging markets and small caps, though large cap, growth and value all posted gains. U.S. sector gains were led by technology, energy and commodity sensitive exposures, which were only partially offset by cyclical exposures. European equities were led by Italy, Spain and the Netherlands, while India, Japan and the Philippines led Asian equity market gains. Russian equities extended prior month gains while Brazil and Argentina also posted gains only partially offset by declines in the Middle East.
Hedge funds posted gains through mid-June, with the HFRX Global Hedge Fund Index gaining +0.47% (+1.30% YTD), the HFRX Market Directional Index posted a gain of +0.80% (+2.96% YTD).
The note added, "Oil posted a strong gain on increasing geopolitical and military conflict in Iraq; natural gas, gold and silver also gained. Agric...................... To view our full article Click here
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