THE highest returning equity fund in the worst performing major geographical region has not been able to match the performance of the very worst fund in the best performing sector for four of the past five years.
Asia Pacific ex Japan was the best performing IMA sector in 2007, according to Lipper, while Japan was bottom of the pack. According to research carried out by T. Bailey, there was more than a 20pc difference in the performance of the worst performing fund in Asia Pacific ex. Japan sector - Premier Eastern Enterprise fund, which returned 16.27pc - compared with the best performing Japanese vehicle, Jupiter Japan Income, which lost 4.01pc. Jason Britton, co-fund manager at T. Bailey, said the figures underpin the importance of geographical asset allocation. He explained: "Simply, if yo...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
