Apollo Asia Fund 2Q15 Manager’s Commentary: Stormy macro, reassuring micro

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Apollo Asia Fund 2Q15 Manager’s Commentary: Stormy macro, reassuring micro

Claire Barnes – Apollo Asia Fund manager’s commentary for the second quarter ended June 30, 2015.

H/T ValueInvestingWorld

Apollo Asia Fund: Stormy macro, reassuring micro

The Apollo Asia Fund’s NAV rose 1.1% in the second quarter, to US$1,957.82. However, at the end of June it was down 6.7% over twelve months. After all the volatility of the last few days, the net decline in the first nine trading days of the third quarter has been approximately 2.2%.

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