Many investors monitor performance over too short a time frame, says Kevin Beatty, equity CIO of MFS. But they have lowered their return expectations, finds a survey by the US fund house.
The US fund house is likely to set up a wholly foreign-owned entity in China, but is still researching its entry options. It does not currently aim to use the mutual recognition scheme.
Bond fund managers are focusing on the pace and degree of rising US interest rates as the next opportunity for the Federal Reserve to act looms.
Fund managers in the US are sceptical that China's bond market can become a strategic allocation until the renminbi is fully convertible.
The reduction of secondary market liquidity in bond markets has changed attitudes about managing assets.
This week's stock market volatility in the wake of Greece's referendum against austerity is likely to create opportunities for US-based fund managers, who view European equities as attractive.