Posted inTop Trumps

Mutual Fund Top Trumps: Greater China – 13 March 2024

This week FSA presents a quick comparison of two Greater China funds: the Amundi China Equity fund and the Matthews Asia China fund.
Source: FE Fundinfo. All relevant fund data converted to US dollars for comparative purposes. Performance, alpha and volatility are annualised over three years with data as reported at the end of last month. Information ratio (IR) aims to measure a portfolio manager’s consistent ability to generate excess returns relative to a benchmark. The higher the IR, the more consistent the manager is.

Based on the popular 80s card game, each week we select an asset class and use FE fundinfo data to compare two funds based on their three-year performance, assets under management, alpha, volatility, ongoing charges and information ratio to decide which is the Top Trump.

This week, the Matthews Asia China fund defeats the Amundi China Equity fund 4-2.

Amundi China Equity fund

The fund mainly in equities of companies based in, or that do most of their business in, the People’s Republic of China, and that are listed on stock markets there or in Hong Kong.

Sector breakdown:

  1. Consumer discretionary (41.69%)
  2. Communication Services (17.34%)
  3. Financials (12.49%)
  4. Industrials (7.33%)
  5. Consumer staples (4.9%)
  6. Healthcare (3.6%)
  7. Real estate (3.46%)
  8. Information Technology (2.4%)
  9. Energy (2.09%)
  10. Materials (1.71%)

Matthews Asia China fund

The fund seeks to achieve its investment objective by investing, directly or indirectly, primarily (i.e., at least 65% of its net assets) in equities of companies located in or with
substantial ties to China.

Sector breakdown:

  1. Consumer Discretionary (32.4%)
  2. Financials (17.5%)
  3. Communication Services (14%)
  4. Consumer Staples (8.6%)
  5. Industrials (6.9%)
  6. Real Estate (6.6%)
  7. Information Technology (4.2%)
  8. Health Care (4%)
  9. Energy (3.2%)
  10. Utilities (1%)

Part of the Mark Allen Group.