Two thirds of Asia Pacific funds fail to beat index

In Morningstar's study of 126 funds benchmarked against the MSCI AC Asia Pacific ex-Japan index, only a third outperformed the index over five years, while half did better over a three year period to 30 November. Neptune’s new Asia Pacific Opportunities fund manager Shelley Kuhn says she is amazed so many offerings underperformed the benchmark. However, she is urging advisers to avoid being tempted to switch to less expensive index trackers, saying the benefits of actively managed offerings are still too good to ignore. “It’s a big universe in Asia and taking an unconstrained approach...