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.
Co-head of Australasian fund research Chris Douglas cautions investors amid the clamour for absolute return funds. Just look at the aftermath of Black Monday, he says.
ChinaÆs fund managers may get some nasty surprises once the newly approved stock index futures market finally kicks off. The main worries are a lack of expertise and limited investment in risk management.
Compulsory registration and licensing will be required for fund advisory and rating providers. But a few innocent bystanders are likely to be affected.
The Central Provident Fund has replaced Mercer with Morningstar as its investment consultant. This is considered a setback for Mercer in a market that some industry players say has room for only one major consultant.