Chinese equity funds continue to lead in July while most fund categories lose ground

Despite a rebound in the resources sectors, Canadian equity funds posted modest losses.

Christian Charest 2 August, 2017 | 5:00PM

Funds in the Greater China Equity category have been the best performers in Canada so far in 2017, and that trend continued in July, according to preliminary performance data released today by Morningstar Canada. With a 3.5% gain, the Morningstar Greater China Equity Fund Index was the best performer among the 44 Morningstar Canada Fund Indices, which measure the aggregate returns of funds in various standard categories, and one of only 10 fund indices to post a positive result.

Thirty-four of the 44 fund indices lost ground during the month, with the losses in most cases limited to 2% or less, while nine of the 10 winning fund indices were up by less than 2.0%. Along with Greater China Equity, the only other sector-diversified fund category to post a positive result in July was Emerging Markets Equity, whose fund index increased 1.1%, while the Morningstar Asia Pacific Equity Fund Index was flat with 0.0%.

Fund indices representing three sector-specific equity categories were also among the top performers in July: Natural Resources Equity, Energy Equity and Financial Services Equity gained 1.8%, 1.3% and 0.1%, respectively. While the Financial Services Equity category has produced positive performance so far this year, Natural Resources Equity and Energy Equity have been the worst performers for the year to date, with their respective fund indices losing 11% and 19.6%.

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Basic member.

Register For Free

About Author

Christian Charest

Christian Charest  

© Copyright 2020 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Cookies