PMA Capital Management has announced that despite a challenging and turbulent macroeconomic and market environment, three of its funds delivered positive returns in May.

Within the Equity Strategy, the PMA Pathfinder Asia Equity Fund delivered positive returns of 1.6% for May, bringing YTD returns to 3.9%. The fund was able to achieve these remarkable returns while maintaining a volatility that was less than one third that of the market. The PMA India Fund also performed well, returning 1.8% in May.

Representing its ninth consecutive month of positive returns, PMA’s flagship FX & Rates fund, PMA Harvester Fund, posted results of 1.04% in May, bringing its YTD performance to an exceptional 9.4%. Navigating successfully through a month of major global macroeconomic developments and uncertainty, Harvester was able to produce these returns with characteristically low volatility, at a Sharpe Ratio of 2.50.

Commenting on this positive performance, PMA Chairman Farhat Malik said, “The continued success of our funds through markets as difficult as what we are currently facing is the ultimate validation of our uniquely prudent and institutional approach to investment. Given the uncertainty that pervades global markets today, we are more committed than ever to our stringent risk management guidelines and we are proud to be able to deliver these steady positive returns for our investors with minimal volatility.”