The MSCI Asia Pacific index is down 2.8% this year and lost 11% in the past month.

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Ward's portfolio has risen 1.7% against the benchmark MSCI Asia Pacific Free ex-Japan index, which has fallen 13.3% since February.

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The MSCI Asia Pacific Index fell 2.3%.

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The MSCI index of Asia Pacific stocks outside Japan was down 1.1 percent , with industrials and commodity-related stocks underperforming the most.

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The MSCI index of Asia Pacific shares outside Japan was flat.

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