Chinese investors have generally failed to pick the top-performing actively managed funds in the country, even though more than 85 per cent of them outperformed their passive rivals net of fees over 12 months and three years, according to Morningstar.
The data provider’s most recent China Active/Passive Barometer, which measures the performance of onshore, China-domiciled active funds against their passive counterparts, shows that “investors have generally failed to choose above-average, active stock-heavy funds”.
The findings reflect risk aversion among investors, amid economic uncertainty and geopolitical tensions, but they also illustrate how hard it is for investors to choose outperforming active managers, especially in uncertain times.
您已阅读26%（748字），剩余74%（2135字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。