Summary
Active China managers suffered another extremely challenging year when compared to the iShares MSCI China benchmark. Average returns came in at 9.78%, falling short of the iShares MCHI ETF by 7.39%. Only 10.5% of funds managed to outperform the benchmark.
Returns were spread between a high of 22.7% to a low of -18.6%, though the majority clustered between 8% and 14%. Every Style group lagged behind the benchmark, with Growth funds slightly outpacing their Aggressive Growth peers.
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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