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31.5pc return in year to March

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HONGKONG funds have regained first place in the Hongkong Unit Trust Association monthly performance tables for the 12 months to March 31.

In the 12 months to the end of February, Thai equity funds were the best performing fund sector, with a median return of 49.9 per cent.

This was ahead of Hongkong funds in second place, which had a return of 30.3 per cent.

The median return is the return beaten by exactly half the fund managers in the sector.

Hongkong funds have come back over the 12 months to the end of March, taking the top slot with a return of 31.5 per cent, while Thai equity funds returned 29.2 per cent.

Association chairman Andrew Lo said: ''The Hongkong stock market, because of good economic fundamentals, overall has had a strong performance.

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