ESG is no passing fad, as more investors are convinced that alpha can be found in ESG and regulators continue to introduce rules to lift ESG standards.
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%
AsianInvestor reveals the first half of our marquee winners for this year's Asset Management awards, including best asset service provider and top alternative fund houses.
The number of millionaires in mainland China grew by 35% in 2020, while the number of millionaires in Hong Kong fell by 7%, according to a new report from the private bank.
The Australian pension fund joins other asset owners in eyeing private credit opportunities in the Asia-Pacific region, although liquid defensive assets retain a majority of allocations.
What can asset managers and other stakeholders in the country do to further drive sustainable investing, particularly among smaller asset owners, in the country?