Emerging market investor beats peers with focus on consumer spending
Boston
THE last few years were a terrible time to be the manager of an emerging market stock fund - unless you were Anindya Chatterjee.
Since Mr Chatterjee started the City National Rochdale Emerging Markets Fund on Dec 14, 2011, he returned 53 per cent for investors, even as emerging market stocks declined 0.5 per cent. This year, with the MSCI Emerging Markets Index slumping 14 per cent, his US$827 million fund is down 3.1 per cent, beating 90 per cent of peers for the fourth straight year.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Mapletree Industrial Trust Q4 DPU rises 0.9% to S$0.0336
Nasdaq’s profit falls as shaky economy keeps IPO revival elusive
iFast Q1 net profit surges on ePension unit performance
Suntec Reit Q1 DPU down 13% to S$0.01511 in absence of capital distribution
US: Wall St opens lower as Meta Platforms, economic data weigh
Sheng Siong Q1 net profit up 9.3% on higher revenue