QFII funds deliver below-par performance in 2013

12 December 2013   Category: News, Asia, China   By Asia Asset Management

Even though QFII A-share funds recorded an average return of 1.59% in November, the funds succumbed to an average loss of 1.04% for the first 11 months this year, according to a report from fund analyst Lipper.

However, the QFII A-share funds secured an average growth of 14.93% on a year-on-year basis. Xav Feng, head of Asia Pacific research for Lipper, attributes the big difference to the rally of the Mainland stock market in December 2012.

Among the QFII A-share funds, China A-share Fund Ltd topped its peers with a year-on-year return of 40.73%, followed by Schroders China Equity Fund, which realised a year-on-year return of 33.36%. 

Meanwhile, QDII funds reported a year-to-date return of 4.7%, against a yield of 10.5% for Mainland mutual funds during the same period. The GF Asia Pacific (Japan exclusive) Selected Equity Fund was the best performing QDII fund, securing returns of 37.85%.