Market downturn spares very few


Year-to-date median performance from Asia-equity focused managers has continued to deteriorate, with none of the various country-specific sectors spared in May from the broad and general retreat across markets.

One of the worst performances in May came from managers invested in Indian equity, where median returns languished at -2.43%, effectively wiping out the median gains that the whole sector had made in April.

Year-to-date, Indian equity managers remained the worst-performing with a -5.33% median return, their only consolation being that they performed slightly better than the benchmark Sensex, which had slipped 9.78% year-to-date.