Asian funds endure poor performance in 2023 as local currency bonds thrive

Of the firm's 124 equity categories, 19 returned a net negative performance in 2023, with the bottom ten dominated by Asia exposures. China unveils new blue-chip index in bid to boost investment in Beijing listings Equity China was the worst performing category, losing 18.8% throughout the year, followed by Equity China Small- & Mid-Cap (-18.6%) and Equity Hong Kong (-18.2%). Other poor performers including Equity Kuwait (-12.7%) and two equity themes: Agribusiness (-7.2%) and Alternative Energy (-6.4%). Meanwhile, the best performing equity funds were more varied, with Equity P...