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

European fund performance review

Wide geographical variation defined the year for fund performance, with Asian funds losing out while other emerging markets and tech funds surged, LSEG Lipper’s 2023 European Fund Performance Review has revealed.

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...