HEAD-TO-HEAD: Jupiter vs Matthews Asia
By Kate Lin, 14 Sep 18
FSA compares the Jupiter China Select Fund and the Matthews Asia China Dividend Fund.
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|
|Inception||December 2009||January 2013|
|Manager||Ross Teverson||Sherwood Zhang, Yu Zhang|
|Morningstar analyst rating||Neutral||Gold|
|Morningstar star rating||**||*****|
|FE Crown fund rating||**||*****|