The Fund Managers of the year have been selected based on risk-adjusted returns
Fund manager's investments in their own schemes is a good metric to look at, but it isn't the most important
What is irking fund managers is that they often meet distributors who are also meeting other fund houses
The finding is part of a survey of fund managers conducted by Bank of America Merrill Lynch
Post-Diwali, the markets exhibited volatile movements and ended on a weak note as compared to the previous week. The benchmark S&P CNX 500 index net worth declined more than 1 per cent to Rs 11.28 lakh from Rs 11.40 lakh.
The equity markets reacted adversely to Chinese rate increase fears and renewed concerns about the European sovereign debt crisis. The portfolio value of Smart Portfolios’ benchmark index, the S&P CNX 500, fell 4.5 per cent to Rs 10.89 lakh.
The Sensex slumped 24 per cent in 2011, owing to an increasing negative news flow from the international markets, coupled with bleak macro economic conditions in the domestic market. The european debt crisis, global political unrest, US ratings downgrade, soaring headline inflation, depreciating rupee, political logjam over foreign direct investment (FDI) in retail and rising interest rates were some factors that weighed on the indices.