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Equity funds on Fundsupermart.com have risen by an average
44.4%, based on the performance of the Fundsupermart All-Equity Fund Index
(FEFI), as at 12 March 2010. The FEFI’s lowest point was on 3 March 2009. The
top ten performers on Fundsupermart.com returned an average return of 74.4%,
with returns ranging from 98.3% to 59.5% during the same period.
Some of the sectors that the best performing funds invest into
continue to remain our
favourite sectors for 2010. These sectors include: Asia excluding Japan,
Global Emerging Markets, Finance, and the small capitalisation sector (small
cap). Our message to investors: it is important not to make an investment
decision based on the current ‘hot’ markets. Instead, focus on factors including
the price earnings (PE) and earnings growth potential of these markets going
forward. For a detailed breakdown of the PE and earnings growth analyses of the
markets we cover, click
here for the monthly update.
The top-performing fund, OSK-UOB
Asian Growth Opportunities Fund, invests into Asian small companies. It has
a relatively high exposure to companies in China, Hong Kong and Taiwan which
make up 62.46% of the fund’s geographical allocation. Two of the sectors which
were at the centre of the global economic crisis – finance and property – both
appear in the list, with the
Alliance Global Diversified Property Fund, which invests into the global
property sector, coming in second with a return of 85.3% and OSK-UOB
Global Capital Fund, which posted a return of 78.1%.
The shift in economic power – from the developed economies to
the emerging markets – is noticeable in the performance of the Asian and
emerging markets. Four Asia excluding Japan funds made it into the top ten list.
The smaller capitalisation stocks performed especially well, as reflected in the
performance of the OSK-UOB
Asian Growth Opportunities Fund and the PRU
Master Trust- Prudential Small-Cap, which invests into Malaysian smaller
capitalisation stocks.
Table 1: Performance of top ten equity funds
from March 2009 low to now
Source: iFAST; returns are from 3rd March 2009 to 12th March
2010 | 
