China soars as property crumbles - Lipper

Skandia Global Property Securities fell 8.6% for the month, SWIP European Real Estate dropped 7.96%; while Gartmore and F&C’s US Smaller Companies funds lost 7.67% and 7.5% respectively. On the positive side, Chinese funds bucked the trend and recorded strong growth. Melchior Asian Opportunities was the best performer, with 11.09% growth, closely followed by Threadneedle China Opportunity Retail and Invesco Perpetual Hong Kong & China – with over 10% each. Marsico Capital vice president of marketing and client services John Benson says despite the US drop, it is far from crisis time. “...