Fund managers made a significant contribution to the volatility of Asian emerging markets last year ...
Fund managers made a significant contribution to the volatility of Asian emerging markets last year by benchmarking themselves against the peer group and investing only in liquid stocks. According to the latest report by Standard & Poor's Fund Research, as the peer group increases exposure to a certain market or country, others follow, generating vast inflows or outflows into individual countries. Against such a backdrop, only two funds in the emerging markets Asia sector have been awarded an frAAA rating out of 48 funds which passed the performance screen: these were JF Thailand, which m...
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