A-share QFII funds suffer 8.15% average loss in first quarter

30 April 2014   Category: News, Asia, China, Global   By Asia Asset Management

Mainland A-share QFII funds suffered an average loss of 8.15% for the first quarter of this year, underperforming A-share equities mutual funds, according to a report from consultancy firm Lipper.

Hit by the bearish run of the A-share market, the majority of the 26 A-share QFII funds plunged into the red between January and March.

Lipper said that the Shenyin Wanguo-Aizawa China A-share Fund suffered the heaviest loss at 16.13%, followed by the Schroder China Equity Fund and the JP Morgan China Pioneer A-share Fund, which recorded losses of 13.44% and 11.84%, respectively.

As for QDII funds, the report stated that they recorded an average return of 1.25% for the first quarter, beating the A-share market. The Penghua American Real Estate Fund was the best performer, generating a return of 10.68% during the period. 

Lipper added that the performance of Mainland mutual funds varied dramatically in the first quarter. The precious commodity fund category topped its peers by delivering a return of 8.67%, compared to a loss of 12.72% for natural resource equity funds.