HSBC Global Asset Management (GAM) has appointed a new Chinese and HK equities chief and poached from Citic to strengthen its Shanghai joint venture.
Asia’s third-party fund buyers are enthusiastic about China and Asia-Pacific ex-Japan equities, according to Last Word Media research.
China funds with small-cap mandates have performed better than indices and funds weighted with Chinese tech giants during this year’s Covid-19 induced market volatility.
Certain travel-related companies continue to exist despite the Covid-19 pandemic and they have long-term investment appeal, says a portfolio manager at the firm.
FSA compares two highly-rated China equity funds: the JP Morgan China Fund and the UBS China Opportunity Fund.
The coronavirus appears to have passed peak infection in China, according to the fund manager, who explains her strategy and how China’s ‘transformative’ companies have been an alpha source.
Active funds shone in a decade of poor performance for China indices and their trackers.
China and Apac are their favourite equity markets in 2020, as fund buyers look to reduce exposure to developed market bonds, according to Last Word Media research.
FSA compares two China equity products: the Allianz All China Equity Fund and the Invesco China Equity Fund.
Managed out of Hong Kong but only available in the US, the fund is introduced against the backdrop of a highly volatile market.