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 Greater China fund defeats the Eastspring Investments Greater China Equity fund: 5-1.
Eastspring Investments
The Fund aims to maximize long-term total return by investing in equity and equity-related
securities of companies, which are incorporated, or have their area of primary activity, in the
PRC, Hong Kong SAR and Taiwan. The fund may also invest in depository receipts including ADRs and GDRs, debt securities convertible into common shares, preference shares, participatory notes and warrants.
Top 10 holdings:
- Tencent (9.9%)
- TSMC (8.7%)
- Alibaba (8.3%)
- Meituan (4.8%)
- JD.Com (4.6%)
- Ping An Insurance (4.6%)
- Hon Hai Precision Industry (4.4%)
- PDD Holdings (3.5%)
- Quanta Computer (2.8%)
- AIA (2.5%)
Fidelity
The fund aims to achieve capital growth over time. The fund invests at least 70% (and normally 75%) of its assets, in equities of companies listed in the Greater China region including Hong Kong, China and Taiwan. Some of these investments may be from emerging markets. The fund may also invest in money market instruments on an ancillary basis. The fund may invest up to 60% of its assets (directly and/or indirectly) in China A and B Shares (in aggregate).
Top 10 holdings:
- Tencent (10.01%)
- TSMC (9.14%)
- Alibaba (7.55%)
- Meituan (4.36%)
- PDD Holdings (4.32%)
- Mediatek (3.08%)
- China Merchants Bank (3.00%)
- China Construction Bank (2.70%)
- New Oriental Ed & Tech (2.43%)
- Accton Technology (2.35%)
