HONG KONG: Fourteen Pakistani mutual funds stormed into the list of the world’s top 100 best performing equity funds in 2012 as Asian regional markets rallied.
In total, 42 mutual funds investing in Asia had made the top 100 cut. The list included 14 equity funds each from Pakistan and Thailand and nine from India, according to an analysis of data for 27,153 actively managed equity mutual funds tracked by Thomson Reuters Lipper globally.
The Asia-focused funds produced an average return of 61.5%, outperforming the top market in the region as well as the 18.6% advance in the MSCI’s broadest index of Asia-Pacific shares outside Japan.
Nearly 7,300 equity funds investing in Asia and tracked by Lipper returned an average 17.9% in 2012. By comparison, non-Asian funds gained 13.3%, the data showed.
The world’s top 100 equity fund’s list ranked Golden Arrow Selected Stock Fund fourth generating a return of 105.29% in 2012, Safeway Mutual Fund 18th with a return of 74.23%, NAFA Stock Fund 26th (69.4%), AKD Opportunity Fund 32nd (65.82%), JS Pension Savings Fund – Equity Sub Fund 42nd (62.59%), Asian Stocks Fund Limited 45th (61.07%), Atlas Stock Market Fund 47th (60.69%), JS Growth Fund 51st (60.43%), Pakistan Pension Fund – Equity Sub Fund 52nd (60.31%), Atlas Pension Islamic Fund 80th (57.61%), Atlas Pension Fund 90th (55.93%), Pakistan Islamic Pension 91st (55.70%), ABL Stock Fund 96th (54.39%) and JS Islamic Fund was ranked 99th generating a return of 54.07% during 2012.
Published in The Express Tribune, January 19th, 2013.
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