Active Chinese Funds Fail to Capitalize on 2024 Market Rebound
- Just one in 10 active funds beat benchmark, Copley data showed
- Low exposure to state-owned banks, tech stocks proved costly
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Chinese stocks managed to pull off a last-minute rebound in late 2024 but for most active managers, it wasn’t enough to close the gap with passive investors.
Just one in 10 funds which tracked the MSCI China Index beat the iShares MSCI China ETF (MCHI) last year, according to data compiled by Copley Fund Research. In contrast, almost half the funds that had a global emerging-market mandate outperformed their benchmark.