China-focused investment managers in 2018 endured their most difficult year since the global financial crisis with equity funds suffering widespread heavy losses.
A slowdown in Chinese economic growth, weak corporate earnings and big falls for technology stocks created a wall of challenges that managers failed to break down.
The MSCI China index sank 20.4 per cent in dollar terms last year, its largest fall since 2008, as concern about the trade war between Washington and Beijing weighed on investor confidence.
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