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 Fidelity China Focus fund defeats the Invesco China Focus Equity fund 5-1.
Fidelity China Focus fund
The fund invests at least 70% of its assets, in equities of companies listed in China and Hong Kong, as well as in equities of non-Chinese companies which do most of their business in China.
Top 10 holdings:
- Alibaba Group Holding (8.22%)
- Tencent Holdings (7.66%)
- China Construction Bank (4.7%)
- Industrial & Commercial Bank of China (4.67%)
- BOC Aviation (4.26%)
- China Merchants Bank (3.65%)
- Prosus (3.55%)
- China Oilfield Services (3.31%)
- China Mengniu Dairy (3.17%)
- Meituan (2.94%)
Invesco China Focus Equity fund
The fund aims to achieve long-term capital growth by investing in the equity or equity-related securities of companies with exposure to China. The team makes use of a bottom-up, selective approach to invest in companies that display sustainable leadership and competitive advantages, while trading at a discount to their view of fair value.
Top 10 holdings:
- Alibaba Group Holding (9.9%)
- Tencent Holdings Ltd (9.7)
- Bank of China (6.2%)
- MediaTek (4.8%)
- JD.com (4.7%)
- China Construction Bank Corp (4.2%)
- Midea Group Co (3.9%)
- Asustek Computer (3.9%)
- Realtek Semiconductor Corp (3.8%)
- Lenovo Group (3.5%)
