| China indices |
| Source: Bloomberg |
FABRICE JACOB, MANAGING director of Hong Kong asset manager MYM Capital, scratches his head as he spreads sheets of paper across his desk, each with a table purporting to represent a China equity index. MYM is launching a new China fund and he has to choose a benchmark index.
“As a fund manager,” Jacob says, “your goal is to outperform your benchmark index. If you outperform by 1%, you might get a bonus; by 2%, you’re a genius, that’s the way it works.
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