QFII funds lag in performance

Qualified Foreign Institutional Investor (QFII) funds delivered an average return of 123.54% in 2007, according to Lipper data.Although the QFII funds turned in a stellar performance on-average, the consensus performance was still below gains achieved by a key benchmark index in China and local fund managers. The CSI 300 index, which tracks the performance of the 300 most active stocks in the yuan-denominated A-share markets in Shenzhen and Shanghai, posted a return of 161.55%. Equit…