Topic: Which allocation fund reacted best to market volatility? We have selected the top outperforming allocation funds in the market based on the following criteria.
Author: InvesTAO Research
- Despite the “market hangover” in Q1 2021, investors maintained a positive, long-term outlook on China and set a new record by reaching $3.2tn in total net assets of the mutual funds with a 16% QoQ growth in hybrid funds.
- Within the hybrid category, the outperforming group of allocation funds, the “sample group” in the analysis, consists of 118 allocation funds that are focused on strict downside risk management. It showed strong risk-adjusted returns with the Calmar Ratio at 0.84 against that of MSCI China – A at 0.17.
- Peer comparison shows that BOCIM is the largest player within the sample group and GF Fund and UBS SDIC are the best-performing ones. In addition, foreign JV fund managers took 7 seats out of the top 10 outperforming managers.