Enhanced Investment Products delisted a smart-beta fund while Mirae Asset ends trading of a consumption-related thematic product, according to records from the Hong Kong Stock Exchange.
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Enhanced Investment Products delisted a smart-beta fund while Mirae Asset ends trading of a consumption-related thematic product, according to records from the Hong Kong Stock Exchange.
Data collected by FSA shows a significant decline in sentiment toward global emerging market equities and Asia-Pacific ex-Japan equities among fund selectors in Hong Kong, Singapore, Thailand and Malaysia.
Highly concentrated, high-conviction equity mutual funds tend to underperform, FSA research shows.
The top performing Asia-Pacific ex-Japan equity funds have been able to control volatility in line with the category index, FSA’s analysis of performance data from FE shows.
When the numbers are crunched, it’s clear that Asia has been providing alpha, said Justin Wells, investment director at Old Mutual Global Investors.
Fund managers are bearish on Asia Pacific ex Japan equities for the first time since Expert Investor Europe began compiling its monthly Manager Sentiment Survey, in January 2005.
Part of the Mark Allen Group.