Fund managers are supposed to be a professional having expertise in managing the investment profolio reasonably well and capability in handing downturning market. But, many of them seem underperforming even compared to a layman like me.
My family bought two funds in Standard Chartered in year 2007/2008. Up to now, these two funds still record 20% lost. But, within the same period, my own investment in HK stock market has about +9% growth. So, you can imagine how well these fund managers have done their job!?
have you compared the performance of the same sector of the funds??
if u invest a China stock fund, you cannot complain that the performance is worse than the hk stock market... the fund manager cannot change the fund structure, they can only minimise the lost in down trend and maximise the gain in up trend...