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2017 leaders and laggards

China equity funds lead, while natural resources and hedge funds underperform in FSA's year-end ranking of the best and worst performing funds available to Hong Kong and Singapore investors.
2017 leaders and laggards

The picture is generally similar among funds registered for sale to investors in Singapore, although the lists of funds differ. China, India and Asia Pacific ex-Japan equity funds dominate the top-ten list, with one European equity fund, the Old Mutual UK Smaller Companies Focus Fund also delivering a stellar return exceeding 60%.

Top 10 performers (Singapore)

Fund Sector 1-year Return
BCM Vitruvius Greater China Equity Fund Greater China Equity 81.33%
UBS (CAY) China A Opportunity China Equity 73.53%
Morgan Stanley Asia Opportunity Fund Asia Pacific ex-Japan Equity 73.30%
IDFC Sterling Equity Fund India Equity 71.56%
Investec All China Equity Fund * China Equity 69.01%
Neuberger Berman China Equity Fund* Greater China Equity 65.10%
IDFC Imperial Equity India Equity 64.20%
Old Mutual UK Smaller Companies Focus Fund UK Equity 63.97%
EI Sturdza Strategic China Panda Fund Greater China Equity 62.65%
Value Partners Chinese Mainland Focus Fund* China Equity 61.19%
Data: FE, 31 December 2017, returns in US dollars

The bottom of the performance ranking of funds available for sale in Singapore is dominated by hedge funds and absolute-return strategies. The list includes two funds with the focus on merger/acquisition arbitrage and two with the focus on volatility. None of them is authorised for sale in Hong Kong.

Bottom 10 performers (Singapore)

Fund

Sector

1-year Return

AMAM The Magma Fund

Hedge Fund

-34.04%

DB X-trackers MSCI Pakistan IM Index Ucits ETF

Emerging Asia Equity

-25.44%

Odey Odyssey Fund

Mixed Asset

-24.22%

SHK Corporate Arbitrage Manager Fund

Hedge Funds

-22.95%

Schroder Gaia Paulson Merger Arbitrage Fund

Hedge Funds

-18.75%

Amundi Absolute Volatility World Equities Fund

Absolute Return

-18.37%

Natixis Seeyond Equity Volatility Strategies Fund

Hedge Funds

-17.42%

PE FX Strategy Fund

Hedge Funds

-15.87%

Odey Swan Fund

Hedge Funds

-12.26%

Invesco Energy Fund*

Energy

-9.18%

Data: FE, 31 December 2017, returns in US dollars
* Funds available for sale in Hong Kong and Singapore

Part of the Mark Allen Group.