Melchior Asian Opportunities A Acc 
HL comment
Our view on this Fund
2009 was an excellent year for this fund after a poor 2008. Asian markets have benefited from strong demand, and government stimulus (particularly in China). Henrietta Luk expects maintained momentum in 2010 but volatility to increase as inflation forces some Asian countries to raise interest rates. The fund retains its bias towards Taiwanese technology companies where she remains bullish.
22-02-2010
Information from the fund manager
Please note: The information in this box has been provided by, and is issued by, the fund manager and not Hargreaves Lansdown.
HL group comment: Melchior Investment Funds
Our view on this Fund Management Group as a whole
The Melchior fund range is operated by Dalton Strategic Partnership LLP (DSP), an independent investment management firm. There are nineteen partners of the firm who have many years experience in fund management. Their focus is to achieve absolute returns for clients within clear risk parameters. In total, the firm manages $1.8 billion on behalf of private clients, family offices and institutions and has 50 members of staff. The firm has offices in London, Mumbai, Hong Kong and New York and has affiliated offices in Tokyo and Canada. At the core of the firm is a team of global asset allocation and risk specialists whose experience incorporates international equity, bond and currency management and a global perspective on capital markets. The expertise in asset allocation and risk management is employed to manage the Melchior hedge funds, the Melchior specialist equity long-only portfolios and the Melchior global asset allocation service.
06-05-2009
HL sector comment: Asia Pacific Ex Japan
Our view on this sector
After a torrid 2008, 2009 saw a spectacular rebound in these markets. The Chinese economy was boosted by a massive government stimulus package, helping to fuel a sharp recovery in commodity prices. However, whilst China still provides manufactured goods for much of the developed world, the strength of the Yuan has made Chinese exports more expensive recently. Despite this, in the long-run we expect Asia and emerging markets to deliver strong returns, although they are higher risk and therefore likely to be more volatile. Each market should be viewed on its individual merits, for example we believe Russia is especially attractively valued at present.
23-02-2010