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“China equity funds recorded their 30th consecutive retail inflow despite last week’s institutional exodus. Institutional investors were net redeemers for the second straight week as they looked to sidestep any fallout from official efforts to keep the COVID-19 pandemic contained going into the Chinese New Year, usually a period when millions of people travel within the country,” EPFR said.
EPFR found that Israel’s aggressive vaccination rollout program and its reputation in the cybersecurity space attracted investors looking at Europe, the Middle East and Africa (EMEA) markets and flows into Israel equity funds were the largest since Q2 of 2008.
The Hyperion fund had consistently been one of the best-performing funds of 2020 thanks to allocations to companies winning market shares from weaker competitors as the pandemic had been a catalyst for market leadership disruption.
Meanwhile, APSEC had a long-bias strategy and invested in Australian-listed securities and derivatives.
Best-performing fund versus ASX 200 and Australian equity sector over one year to 30 November 2020
At the bottom end of the spectrum, there were 146 funds which reported losses, which represented 65% of the sector. However, only seven of these funds reported double-digit losses with the worst-performing fund being Invesco Australian Equity Efficient Income which lost 19.9%.