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