MFS: short-term bias likely to harm returns

Institutional investors in Asia are too short-termist when it comes to monitoring performance of asset managers, but they have tempered their return expectations, according to a survey due for release today by US fund house MFS. The findings also show that MFS’s clients, both globally and in Asia Pacific, have maintained a steady allocation to actively managed strategies since last year, despite the growing popularity of passive investments. The poll was conducted in August with…