Skip to main content

Mutual Fund Performance: Pacific Ex Japan Funds

Fund performance is as of the close of business July 05
Top 10 Pacific Ex Japan Funds (ranked by one-year performance)

Assets Returns
(Size In US$Millions) 1 YR% /3 YR% / 5 YR% / YTD%

T Rowe Price Int:Asia (3,114.3) 73.06 / 183.13 / 246.69 / 30.89
Fidelity SoEast Asia (2,833.4) 68.50 / 200.55 / 253.80 / 34.00
DFA Asia Pac Small Co (120.7) 66.30 / 152.52 / 297.86 / 36.39
iShares:MSCI Malaysia (1,113.7) 64.90 / 93.11 / 129.48 / 30.75
Guinn Atkin:Asia Focus (54.5) 63.10 / 159.72 / 237.99 / 32.95
iShares:MSCI S'pore (1,912.8) 60.1 / 141.48 / 200.49 / 22.1
Fidelity Adv Korea;A (34.4) 59.43 / 240.25 / 228.10 / 38.11
JPMorgan:Asia Eq;A (13.9) 56.97 / 135.93 / 151.90 / 25.58
Fidelity Adv Em Asia;A (87.3) 56.56 / 180.99 / 211.61 / 24.04
TCW:Asia Pacific Eq;I (29.0) 55.57 / 137.24 / 162.71 / 25.02

The above compilation for Asia based funds (excluding Japan) is very interesting indeed. Among the hundreds of funds investing in Asia, these are the creme de la creme. My important conclusions:

a) Brand name power - There is strength and reliability in brand name power. Names like T Rowe Price and Fidelity topped the charts for a variety of reasons. They are more able to attract and retain talent. They have a more extensive and solid management structure to monitor, provide oversight and push through ideas. They have a better supporting structure in economics, currency strategy, big picture strategy, quant people, sophisticated data mining channels, and by virtue of their size, they always get the analysts' first call.

b) When looking at these kind of tables, it is best to leave out those with small asset size. It is much easier to perform well with fund size of under US$50m. I would use that as the minimum benchmarking.

c) iShares - iShares are indexed ETFs designed and run by Barclays Global Fund Advisors. They do very well for their set out objectives. They have two funds in the top 10 because they are indexed country funds. Two out of the top ten performing funds are indexed funds - lends weight to the belief that active fund management generally fails to outperform the index. Those that do are really anomalies rather than the majority.

d) Assess your own investments. Did they outperform the index? How many sleepness nights did you have to endure to get your 50% return? You have no one to scold if you lose 20% of your funds in bad stock selections. Let someone else do the worrying for you. T Rowe Price and Fidelity 's 3 year and 5 year record can't be beat - let them do the worrying for you. They have better weapons to fight the war of attrition. If you MUST do some personal investing because you just have to do it: why not park 60% or 70% of total funds with a solid house with at least 3-5 year track record, and keep the rest for your own investing purposes.
We can outperform the index and even top fund managers over certain periods, eventually over the long haul it evens up a lot. I think people will have a lot less stress by invetsing most of their funds in a good mutual fund. As more than 70% of EPF withdrawers finish spending their lump sum within the first 3-5 years, reinvesting the bulk of retirement funds in a couple of solid funds will ensure for better protection, longer drawdown period or provide for a strong annuity.

Comments

bOcyOGL said…
Can we even get these in malaysia??
Salvatore_Dali said…
you can start by trying the websites of trowe price and fidelity ... ask them and they will tell you their sales offices or re-selling agents/financial advisors ... if you have a private banker, he/she will do everything for you ... most have offices in HK and singapore
what about public mutual? being the biggest in msia.
Salvatore_Dali said…
pub mutual is prob the best performing local fm, close with pheim ... but even so they did not make the top 10 in Asia ex Jap. Just watch the entry fees and annual mgmt fees... unit trust industry in malaysia is still not liberalised enough, comm too high for unit trust sales..

Popular posts from this blog

My Master, A National Treasure

REPOST:  Its been more than two years since I posted on my sifu. This is probably the most significant posting I had done thus far that does not involve business or politics. My circle of close friends and business colleagues have benefited significantly from his treatment.


My Master, Dr. Law Chin Han (from my iPhone)

Where shall I start? OK, just based on real life experiences of those who are close to me. The entire Tong family (Bukit Kiara Properties) absolutely swear that he is the master of masters when it comes to acupuncture (and dentistry as well). To me, you can probably find many great dentists, but to find a real Master in acupuncture, thats a whole different ballgame.


I am not big aficionado of Chinese medicine or acupuncture initially. I guess you have to go through the whole shebang to appreciate the real life changing effects from a master.


My business partner and very close friend went to him after 15 years of persistent gout problem, he will get his heavy attacks at least…

PUC - An Assessment

PUC has tried to reinvent itself following the untimely passing of its founder last year. His younger brother, who was highly successful in his own right, was running Pictureworks in a number of countries in Asia.

The Shares Price Rise & Possible Catalysts

Share price has broken its all time high comfortably. The rise has been steady and not at all volatile, accompanied by steady volume, which would indicate longer term investors and some funds already accumulating nd not selling back to the market.


Potential Catalyst #1

The just launched Presto app. Tried it and went to the briefing. Its a game changer for PUC for sure. They have already indicated that the e-wallet will be launched only in 1Q2018. Now what is Presto, why Presto. Its very much like Lazada or eBay or Alibaba. Lazada is a platform for retailers to sell, full stop. eBay is more for the personal one man operations. Alibaba is more for wholesalers and distributors.

Presto links retailers/f&b/services originators with en…

How Long Will The Bull Lasts For Malaysia

Are we in a bull run? Of course we are. Not to labour the point but I highlighted the start of the bull run back in January this year... and got a lot of naysayers but never mind:






























p/s: needless to say, this is Jing Tian ... beautiful face and a certain kind of freshness in her looks and acting career thus far



http://malaysiafinance.blogspot.my/2016/12/bank-negara-may-have-switched-on-bull.html


I would like to extend my prediction that the bull run for Bursa stocks should continue to run well till the end of the year. What we are seeing for the past 3 weeks was a general lull where volume suddenly shrunk but the general trend is still intact. My reasons for saying so:

a) the overall equity markets globally will be supported by a benign recovery complemented by a timid approach to raising rates by most central banks

b) thanks to a drastic bear run for most commodities, and to a lesser extent some oil & gas players, the undertone for "cost of materials" have been weak and has pr…