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Brazil equity funds among 2015’s worst

About 60% of all funds for sale in Asia had negative performance in 2015. Here are the five worst performers.

It was a tough year. In 2014, by comparison, only 31% ended in negative territory.

The data is for funds across all asset classes available for sale in Hong Kong and/or Singapore (including ETFs and hedge), a total of 4535 products.

Turning to the five poorest performing funds in calendar year 2015 (excluding ETFs and hedge), a China fund – Guosen RMB Renaissance  – delivered the worst results: -46.5%. The second worst was a commodities and energy fund, LLB – Craton Capital Global Resources, with -46.3%.

However, three of 2015’s worst performers were Brazilian equity funds managed by HSBC, Parvest and JP Morgan.

In 2015, Brazil’s slowing economy, increasing unemployment, falling currency and rising inflation, as well as political turmoil soured investor sentiment.

The data for the worst performers is for the period January 1 to December 31 2015.

If ETFs are included, six of the ten worst performing funds in 2015 targeted Brazil, according to FE data.


                  2015’s worst performing funds*

 *Funds available for sale in Hong Kong and/or Singapore. Excludes ETFs and hedge funds. 

Part of the Mark Allen Group.