The strong rebound continued in the first week of June among most of the Asian markets. Indonesia and Thailand markets delivered outstanding results in the past week. The Jakarta Composite Index and Stock Exchange of Thai Index rose 8.46% and 7.88% respectively. Thanks to weak US Dollar and inflation, investors fled to commodity, which plays an important role in Asian countries including Indonesian and Thai’s economy. Other Asian countries also performed fairly well, Hong Kong Hang Seng Index reported a 2.80% gain, and China Shanghai Composite Index grew for 4.59% in past week.

Hong Kong Equity funds gained 3.61% on average while China Equity funds rose 4.67%. Resources rich countries including Australia, New Zealand and Indonesia all enjoyed the euphoria last week and so as their funds. Voguish investment style in commodity contributed to related funds’ performance. Several Morningstar categories, which have significant exposure to commodity, gave out prominent results. These categories include Other Asia-Pacific Equity, Australia and New Zealand Equity and Sector Equity Natural Resources, etc. The above categories rose 9.59%, 4.41% and 2.68% respectively. The best fund, Lyxor China A/H Shares Opportunities Fund, which gained 18.28% in a week, however, was from China Equity category.

Taiwan Taiex Index lost 0.49% in the past week. It lagged behind other Asian countries and Taiwan equity funds also experienced a same case. Taiwan Large-Cap Equity and Taiwan Small/Mid-Cap Equity categories went down 1.87% and 0.02% respectively, which lay in the fourth quartile among all Morningstar categories.

Top Performing Category Ranked by 1 Week Return
Morningstar Category	Trailing Total Returns (USD, %)
	1-week	1-month	3-month	1-year	3-year	5-year
Other Asia-Pacific Equity	9.59	23.84	65.40	-22.70	0.02	6.92
Islamic Syariah Equity	6.84	15.89	51.83	-22.68	N/A	N/A
Africa & Middle East Equity	6.22	16.14	48.45	-35.53	-0.73	13.23
Emerging Europe ex-Russia Equity	6.03	10.47	62.64	-52.09	-11.26	7.14
ASEAN Equity	5.93	17.75	60.85	-30.54	2.58	8.45
U.S. Small-Cap Equity	4.98	6.11	47.67	-34.40	-11.14	-1.81
Brazil Equity	4.70	14.96	68.30	-42.08	2.15	N/A
China Equity	4.67	15.20	55.77	-16.85	15.47	19.32
India Equity	4.48	32.15	85.91	-15.68	7.47	20.63
Australia and New Zealand Equity	4.41	9.78	55.12	-36.28	-2.95	9.37
Data as of 2009-6-5