11/08/2010 Author: Zaki Abushal

Sloane Robinson's July drop compounds YTD struggle

Despite the upturn in equities markets in July, not all funds were effectively placed to take advantage. Horseman Global welcomed the surge in July; it managed to post 5.15% and has clawed back a little more than half its losses, leaving it down 4.95% YTD.

However, Sloane Robinson was one of the fund houses unable to take advantage in July, compounding a pretty miserable year so far for the London-based manager. The Sloane Robinson Global Fund is down 17.43% YTD after a 3.2% drop through 21 July; the Sloane Robinson Global fund Europe fell 2.5% and is down 8.7% YTD; the Sloane Robinson Global Japan fund is down 2.2% down in July and now off 13.6% YTD; and the Sloane Robinson Phoenicia fund dropped 0.74% in July.

The manager’s shining lights, for July at least, were the Sloane Robinson Asia and Sloane Robinson Emerging Markets funds, which were up 1.8% and 2% respectively.