July 10, 2022
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International funds posted negative return of 17.88%
The category of international funds has posted negative return of 17.88% in the last one year.. As you can see, the category has lost money in the last one year. Some of the schemes lost a lot of money in the recent bloodbath in the global market. Many of the schemes in the category lost double-digit returns in the returns in the recent meltdown and naturally Many investors are worried about their investments in international funds.
Following schemes are the worst performers in the international category.
1) Invesco Global Consumer Trends FoF lost 43% in the last one year.
2) PGIM India Emerging Market Equity Fund lost 38% in the last one year.
3) Edelweiss US Technology Equity FoF lost 34%,
4) PGIM India Global Equity Opportunities Fund lost 31%
5) Edelweiss Greater China Equity Offshore Fund lost 30%.
Naturally the investors are eager to know what’s happening to their favorite overseas schemes & also want to know the prospects of these schemes and what they should be their strategy.
First of all do understand that the objective of investing in the International funds is to diversify your portfolio.The factors that are haunting those markets are the same: multi-decade high inflation and higher interest rates dominate the conversations. A likely recession is the latest worry for investors.Inflation and steep interest rate hikes are creating a lot of trouble for major global economies.
Most of these countries historically had very low inflation and suddenly inflation is multi-decade high in these countries. To counter this, central banks are expected to go for steeper rate hikes. To cool down the overheated economies, they may be forced to raise rates sharply. However, such hikes may result in recession, some critics caution.
In short, developed economies may remain under pressure till there is clarity on the future course of the economy.
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