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Fund Performance Review (3Q2007)

Spurred by the U.S. subprime meltdown and a crunch in global credit market, volatility returns to markets during the third quarter of 2007.....

2007 Third Quarter Fund Performance Review
Editorial & Research Team, Morningstar Asia Ltd. | 2007-10-12

Spurred by the U.S. subprime meltdown and a crunch in global credit market, volatility returns to markets during the third quarter of 2007. In August after French bank BNP Paribas announced the suspension of three asset-backed securities funds on the ground of inaccurate valuation, major bourses took a dive on rising concerns over the financial turmoil. MSCI World Free Index edged down 0.27% in August while Emerging Market Index lost 2.32%.

Central banks acted as white knights coming to rescue a global credit squeeze by pumping billions of dollars into money mark

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