Funds run by Morgan Stanley, UBS and Belgrave Capital Management have topped a table of 2017’s best-performing investments after returning at least 70 per cent on the back of rising markets in Asia.
The best-performing fund globally was the $122m Vitruvius Greater China Equity, run by boutique asset manager Belgrave, which returned 81 per cent in 2017. Morgan Stanley’s Asia Opportunity and two China-focused funds from UBS also ranked in the top four.
In total, 14 of the 20 funds that generated top returns in 2017 specialised in investing in China, according to figures compiled for FTfm by Morningstar, the data provider. The data includes open-ended funds based in Europe, the US, Canada and offshore jurisdictions with at least $100m in assets.