But during the three-year period, only around 38% of Japan equity funds have outperformed the MSCI Japan Index.
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But during the three-year period, only around 38% of Japan equity funds have outperformed the MSCI Japan Index.
The stragglers are funds focussed on Asia where the Sino-US trade conflict has taken the greatest toll on asset prices.
FSA screened for consistently underperforming funds registered for sale in Hong Kong and found the energy equity sector over-represented on the list.
Avoiding macro bets, watching investor behavior and emphasising quant screening: OMGI’s Ian Heslop, explains how the equities investment team works.
Fixed income inflows turned positive in 2016, but the Hong Kong Investment Funds Association is optimistic about equity funds in the first half.
Funds focused on India, Japan and North America were among the best-performing products in Hong Kong and Singapore in 2016, while Europe and Latin America were at the bottom.
Hong Kong’s fund industry recorded net sales of $3.6bn in the first nine months of 2016, up 36% from the same period last year, driven by strong inflows into bond funds, which were up 174%.
Part of the Mark Allen Group.