Welcome to the new sg.morningstar.com! Learn more about the changes and how our new features help your investing success.

Morningstar, Inc. Reports European and Asian Fund Performance for Q3 2009

European fund closures outpace fund launches; risk continues to pay; emerging markets still strong; and Australian & New Zealand equities charge to first place

Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today released its quarterly review of fund performance for funds domiciled in Europe and Asia. All performance averages are based on Morningstar Europe and Asia fund categories and are quoted in US Dollars unless otherwise stated.

Highlights of third-quarter 2009 fund performance include:
• Projected net fund closures reach five percent of European-domiciled funds by year-end
• Australian & New Zealand Equity leaps to first place
• Emerging markets remain strong with funds focussed on Eastern European markets surging
• Depreciating pound lands UK fund categories behind European neighbours
• Strongest UK fund performance found in Small-Caps
• China Equity and Japan Equity funds deliver poor performance 
• Real Estate Indirect Europe and Financial categories lead sector tables
• Real Estate Direct delivers worst sector performance
• Government bonds and defensives lag

Industry consolidation continued to gather pace throughout the third quarter. The universe of European-domiciled funds continued to contract, with fund closures in 2009 surpassing fund launches for the first time since the start of the credit crunch. 

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 Member.

Register For Free

About Author

Morningstar Analysts   -

Audience Confirmation


By clicking "accept" I acknowledge that this website uses cookies and other technologies to tailor my experience and understand how I and other visitors use our site. See "Cookie Consent" for more detail.

  • Other Morningstar Websites
© Copyright 2021 Morningstar, Inc. All Rights Reserved.      Terms of Useund      Privacy Policy.
© Copyright 2021 Morningstar Asia Ltd. All rights reserved.

Terms of Use        Privacy Policy        Cookies