Summary
Active Asia Ex-Japan managers had a challenging 2024, underperforming the iShares AAXJ ETF by -1.74% after posting returns of 8.68% on average. The return picture was skewed by a number of heavily underperforming funds from the Growth bucket, and actually, 43% of funds outperformed the benchmark.
On the positive side, China & HK Consumer Discretionary, South Korea Materials and Taiwan Materials stand out as key generators of outperformance. On the negative, positioning China & HK Financials, South Korean Technology, China & Hk Technology and Indonesian Financials all dragged on relative returns throughout the year.
For more analysis, data or information on active investor positioning in your market, please get in touch with me on steven.holden@copleyfundresearch.com
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