Head To Head

HEAD-TO-HEAD: Bosera versus Huatai-Pinebridge

FSA compares the Bosera Yufu CSI 300 Index Fund and the Huatai-Pinebridge Quantitative Enhanced Index Fund.

by Francis Nikolai Acosta 16 November 201810 November 2020

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Three-year cumulative performance of the Bosera and Huatai-Pinebridge funds versus the CSI 300, according to Morningstar data. Fund and sector performance are in Chinese renminbi.

Performance

The funds have performed well compared to the CSI 300 Index, Huang said.

Both products have continuously provided excess returns on a yearly basis, he added.

	YTD 2018	2017	2016	2015	2014
Bosera Yufu CSI 300 Index	-15.98	27.03	-3.74	18.7	57.77
Huatai-Pinebridge Enhanced Quant Index	-16.66	22.13	-1.36	24.88	70.42
CSI 300	-18.73	24.25	-9.26	7.22	55.85

Source: Morningstar for fund performance, FE for index performance

Huang noted that the Huatai-Pinebridge may have more excess returns given its higher tracking error.

However, investors should also expect higher volatility for the Huatai-Pinebridge fund, he said.

Three-year annualised volatility (1 November 2015 – 31 October 2018)

	Volatility
Bosera Yufu CSI 300 Index	18.43
Huatai-Pinebridge Enhanced Quant Index	19.08
CSI 300	18.94

Source: Morningstar

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