(South Korea) – South Korean mutual funds have proven to be the best performing Asian investments for the second successive month in March, with returns of 12.1 percent.Indonesian and Malaysian funds have come in second and third, registering gains in March of 10.3 and 7.3 percent respectively, with Japanese themed mutual funds coming in fourth at 6.8 percent.
The region’s worst achievers were Indian mutual funds, which dropped 1.09 percent, just ahead of the Philippines at 0.85 percent losses for the month.
Fortis L Equity Best Selection Asia Cap, promoted by Fortis Investment Management, was the top performer amongst the regional funds with returns of 24.7 percent.