Quote:
Originally Posted by Unregistered
Your gut sense is wrong. For the past 7 years no public professionally managed mutual fund based in Singapore has ever achieved a compunded growth of 15%. He/she would be a legend in the local community if he could do that.
Even if you include PE / HE or other private funds not open to the public, probably 1 in 10 can say confidently they generated returns >15% over the long term.
The guy above is not realistic in his expectations.
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Not really.
There a few funds that manage to exceed 15% slightly over long term, but they are all single developing country focused funds like Indo, Thai, Malaysia etc who happen to be at the right place right time.
Anyway looks like the party is over and they are all being whacked down now as they are too concentrated in a country which is undergoing steep correction.
For funds that focus on Singapore-based companies, the best performer is Arbedeen which has LT returns of ~10%.