The Fund Landscape
This annual report documents the power of market prices by assessing the performance of US-domiciled mutual funds and exchange-traded funds (ETFs) relative to benchmarks over multiyear periods. The exhibits include data visualizations of fund survivorship and outperformance, persistence of top-quartile funds, and the impact of high fees and turnover on manager performance. Returns data updated through 2024.
Disclosures
This document should only be provided to professional investors in Hong Kong. When provided to prospective investors, this document forms part of and must be provided together with applicable fund offering materials. This document must not be provided to prospective investors on a standalone basis. All expressions of opinion are subject to change without notice in reaction to shifting market conditions. This content is distributed for informational purposes, and it is not to be construed as an offer, solicitation, recommendation or endorsement of any particular security, products, or services.