Mutual fund winners and losers in 2011
Bond funds dominated investment performance last year, while equity funds were worst hit, particularly for India. BNP Paribas boasted the top fund of 2011, while CCB had the worst, according to Morningstar data.
The bond market dominated investment performance last year by returns, with eight of the top 10 categories for calendar 2011 being fixed-income focused, according to Morningstar data. But equity was at the other end of the scale, accounting for eight of the bottom 10 categories.
GBP government bonds led the way last year with an annual return of 14.68%, followed by USD inflation-linked bonds at 11.09% -- the only two categories to make it into double figures.
Also beating the 5%…
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