Asia continues to lag other regions for integrating ESG principles with investing; better data and stronger regulatory requirements will help institutional investors, market observers say.
Equity funds were among the worst performers, posting an average loss of 8.65%, hurt by the bearish sentiment for shares globally. Bucking the trend, commodities funds posted an average return of 5.62%, thanks to higher commodities prices worldwide.
It is too soon to say whether equities markets will turn positive and stay bullish again, says Suthee Luangaramkul, a Bangkok-based analyst at Lipper. ôThere are several key factors determining market direction, of which investors should be aware,ö she says, including the impact of the US economic slowdown.
Average performance of fund groups registered for sale in Thailand in January, by asset type:
Money Market +0.35%
Mixed Assets -6.21%
Top 5 fund sectors in terms of performance in January, with their average gain:
Equity Sector Gold and Precious Metals +7.86%
Bond Emerging Markets Global +1.18%
Bond Global +0.90%
Bond Thai baht +0.75%
Bottom 5 fund sectors in terms of performance in January, with their average loss/gain:
Equity China -19.9%
Equity Greater China -18.48%
Equity Emerging Markets -17.46%
Equity Emerging Markets Europe -15.44%
Equity Sector Cyclical Goods and Services -15.19%
Korea Teachers' Credit Union appoints new CIO; AIA Singapore hired ESG head from UOB; Ping An confirms appointment of Benjamin Deng as CIO; Australian Unity hires first head of responsible investment; AMP has new head of portfolio management for multi-assets, Robeco hires Asia fixed income head; Haitong makes three new appointments for institutional clients business; and more.
After two tenures, AsianInvestor's 2021 Standout CIO Jang Dong-hun looks back on the past six years at Korea's Poba with satisfaction.
Risks including property downturn and ongoing pandemic make for difficult investment decisions.
As a pioneer in the Australian super space, CSC continues to focus on core objectives while taking calculated risks in an uncertain macro-economic environment.