Oil mutual funds generated the best returns last year
Rising prices of fuel spurred performance
Oil mutual funds posted the highest average return of 65.9% in 2021, spurred by the rise in oil prices based on low supply and higher demand, according to Morningstar Research Thailand.
Second were Thai mid- and small-cap equity funds, followed by Indian equity funds and US equity funds, which provided average returns of 27.4%, 26.2% and 21%, respectively.
In 2022, foreign equity funds are expected to continue to do well, though investors should monitor the US interest rate hike and major central banks’ monetary…
