HEAD-TO-HEAD: Jupiter vs Matthews Asia

FSA compares the Jupiter China Select Fund and the Matthews Asia China Dividend Fund.

by Fund Selector Asia 14 September 20181 August 2022

Luke Ng, FE Advisory Asia

China’s market volatility is becoming less of a surprise. Following a general pattern of yearly up and down, year-to-date, China-focused equity funds have returned -12.76% on average, compared to 29.9% over the same period last year, according to FE data.

Due to slower economic growth in China, rising trade tensions with the US and the imposition of tariffs, Blackrock has reduced its China equities position.

Wenjie Lu, China investment strategist at the firm, believes that investor sentiment toward China has soured due to economic growth headwinds.

“The onshore equity market has been hit a lot, mainly due to sentiment,” he said.

Negative returns and increasing volatility in stock markets in Greater China also kept the net sales of China and Greater China equity in negative territory, according to data from the Hong Kong Investment Fund Association.

Against this backdrop, FSA talked to Luke Ng, senior vice president at FE Advisory Asia, who provides a comparative analysis of two China equity funds: the Jupiter China Select Fund and Matthews Asia China Dividend Fund.

	Jupiter China Select	Matthews Asia China Dividend
AUM	$9m	$14.8m
Inception	December 2009	January 2013
Manager	Ross Teverson	Sherwood Zhang, Yu Zhang
Cumulative return*	16.58%	44.83%
Alpha YTD**	-1.83	19.23
Volatility YTD**	10.67%	11.85
Morningstar analyst rating	Neutral	Gold
Morningstar star rating	**	*****
FE Crown fund rating	**	*****
OCF	1.72%	2%

Source: Morningstar, FE Analytics

*Trailing three years to 14 September

**Year-to-date to 14 September

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