Last week, as US equity markets were making new all-time highs and emerging markets were rebounding we flashed an orange warning signal.
The weak internal dynamics of US equities, the unusual rise in bonds yields and equity markets at the same time, the loss of leadership of the tech sector and hyper speculative nature of the markets were all elements that triggered warning bells for us.
Azur Asian Equity Fund outperforms the iShares MSCI Emerging Markets Asia ETF by +11.98 % since the beginning of the Year.
Azur Asian Equity Fund, the Asian equity fund that we advise since its inception in November 2014 is up + 4.27 % in 2018 while the iShares MSCI Emerging Markets Asia is down -7.71 % as at 24th September 2018.
Since inception, Azur Asian Equity Fund has delivered an average performance of +6.57 % per annum net of all fees to investors, while the iShares MSCI ETF delivered + 5.97 %.