Opinion: Fund Performance Yardstick Loses Some of Its Luster

Summary

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Dunny P. Mooneswamy is Head of Fund Research for Lipper in Western Europe, the Middle East and Africa. The views expressed are his own.

LONDON (Reuters) - The evaluation of an investment is measured by its potential performance and risk, and historically, investors have given more importance to the former than the latter. Recent events in the market, however, have challenged the hierarchy, placing risk at the heart of investors' thinking. It is little short of a revolution in the investment industry.

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Extract

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Opinion: Fund Performance Yardstick Loses Some of Its Luster

While performance is associated with opportunities, risk is linked with danger and the switch in thinking is prompting investors to take a more defensive approach.

There have been several factors behind that change. T...

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