MAS names sustainability head; Malaysia’s EPF appoints COO and CFO; GIC PE head for SEA leaves; State Super hires new exec; Hesta appoints chief growth officer, chief Debby Blakey appointed to corporate governance board; ex-BlackRock exec joins IQ-EQ in Singapore; HSBC AM builds direct real estate team; ex-Vanguard head of distribution joins LGIM; Sanne names Singapore head; and more
Equity funds posted a 1.18% average return while mixed-asset funds gained 0.78% on average. The low-risk-profile portfolios such as protected funds, bond funds, and money market funds notched up 0.02%, 0.20%, and 0.18%, respectively. Commodity funds still outperformed and beat soaring inflation, posting an average return of 1.19% in May, 25.72% for the first five months of 2008 and 57% for the past 12 months.
Equity Thailand funds posted an average return of 0.84%, still better than the benchmark Stock Exchange IndexÆs 0.35% gain. Equity funds that invest oversees sharply outperformed, especially those that invest in emerging markets Europe (+11.22%), Japan (+8.09%), and global emerging markets (+5.29%). Equity funds that invest in China and Far East emerging markets were laggards, posting average losses of 7.90% and 6.38%, respectively.
The best performing equity funds last month were the Manulife Strength-Emerging Eastern Europe FIF and Asset Plus Nippon Growth portfolios, which posted gains of 11.22% and 8.09%, respectively. At the bottom of LipperÆs performance chart is TMB China Equity Index, which posted a loss of 7.90%.
In ThailandÆs bond market, Thanachart Fixed Income FIF 2 and Tisco Australia Bond were the outperformers, with returns of 6.13% and 4.68%, respectively, following an unexpected gain from baht depreciation. The worst performing bond fund was Bualuang Thanasarn Plus 19/08, with a loss of 1.74%.
ôThe investment outlook remains bumpy from the inflationary threat, which has been apparent for a number of months and which could worsen unless world crude oil prices stop rising,ö says Suthee Luangaramkul, a Bangkok-based research analyst at Lipper.
Average performance of fund groups registered for sale in Thailand in May:
Mixed Assets +0.78%
Money Market +0.18%
SGX’s new framework for Spacs will likely provide investors with a much-needed channel for direct deals, but the verdict is still out on whether it will bring liquidity to the bourse.
The asset allocation matrix is becoming more complex as investors look for new sources of returns beyond traditional asset types. How can investors measure and maximise returns in compounded portfolios?
When it comes to family offices, the generations don't always see eye to eye. For the younger generation, ESG concerns and tech plays are beginning to predominate.
Kwap property arm appoints CEO; VFMC names new CEO as Lisa Gray retires; MSIG Singapore promotes Mack Eng as CEO; Monroe Capital opens first Asia office in Seoul, hires head from Aberdeen; Vanguard Australia appoints new MD to relocate from US; HSBC AM expands EM debt team; Vantage FX hires from CGS-CIMB in Singapore; and more.