The XIE Shares FTSE Chimerica ETF delivered 71.71% in 2017, the highest return among funds authorised for sale in Hong Kong, according to data from FE. The Hong Kong-domiciled ETF tracks the performance of Chinese companies listed in the US, such as Alibaba, Baidu, Ctrip, JD.com or Netease.
The list of top ten best performing funds and ETFs consists of nine China equity funds and one India equity fund. All of them delivered more than 60% of return on the one-year basis as of 31 December 2017, measured in US dollars.
Top 10 performers (Hong Kong)
| Fund |
Sector |
1-year Return |
| XIE Shares FTSE Chimerica ETF | China Equity | 71.71% |
| Investec All China Equity Fund* | China Equity | 69.01% |
| Hang Seng China Equity | China Equity | 65.84% |
| Neuberger Berman China Equity Fund* | Greater China Equity | 65.10% |
| Hang Seng Consumer Sector Flexipower Fund | China Equity | 64.31% |
| C Shares CSI Consumer Staples Index ETF | China Equity | 62.25% |
| CUAM China Hong Kong Strategy Fund | Greater China Equity | 61.23% |
| Value Partners Chinese Mainland Focus Fund* | China Equity | 61.19% |
| Invesco PRC Equity Fund | China Equity | 61.00% |
| Alquity Indian Subcontinent Fund | India Equity | 60.15% |
Data: FE, 31 December 2017, returns in US dollars
The list of worst performers in 2017 consists mostly of physical commodity and energy equity funds, however some China equity funds have also made it to the bottom ten, proving that a rising tide does not, in fact, lift all boats.
In particular, Chinese high-tech stocks listed on the Shenzhen Stock Exchange did poorly compared to Chinese equities overall, dragging down the performance of the CSOP SZSE Chinext ETF.
Bottom 10 performers (Hong Kong)
| Fund |
Sector |
1-year Return |
| Invesco Energy Fund* |
Energy Equity |
-9.18% |
| Schroder ISF Global Energy Fund |
Energy Equity |
-9.08% |
| Schroder AS Agriculture Fund |
Physical Commodity (Agriculture) |
-8.13% |
| BOCHK China-A Small and Mid Cap Fund |
China Equity |
-7.68% |
| CSOP SZSE Chinext ETF |
China Equity (Telecommunications, Media and Technology) |
-7.34% |
| Investec Global Energy Fund |
Energy Equity |
-6.05% |
| Mirae Assets Horizons S&P Crude Oil Futures Enhanced ER ETF |
Physical Commodity |
-5.92% |
| Schroder AS Commodity Fund |
Physical Commodity |
-3.77% |
| MFS Meridian Global Energy |
Energy Equity |
-2.74% |
| Bosera Global Income Opportunities Fund |
Global Fixed Income |
-2.34% |
