Top Chinese Equity Funds

Today we are featuring top-performing "Chinese" equity mutual funds that invest most of their assets in equity securities of companies that trade in China or are related to the Chinese economy.

Investors can find such funds by checking out the entire list of the Zacks #1 Rank Chinese Equity Funds list.

3 Great Choices

Dreyfus Greater China A (DPCAX) was incepted in May 1998 and seeks long-term capital appreciation. It may include invest in common stocks, preferred stocks and convertible securities, including those purchased in initial public offerings. It is non-diversified.

The fund primarily invests in stocks of companies that are principally traded in China, Honk Kong or Taiwan, derive at least 50% of their revenues from Greater China, or have at least 50% of their assets in Greater China.

Sino-Ocean Land Holdings Ltd., Zhuzhou CSR Times Electric Co. Ltd. and Bengang Steel Plates Co. Ltd. are among the fund?s top holdings.

AIM China A (AACFX) was incepted in March 2006 and seeks long-term growth of capital. It invests in China securities, including securities of companies in the U.S. and other countries with substantial exposure to China.

The fund does not expect to invest more than a quarter of its assets in debt securities. It may invest in initial public offerings of securities and hold a portion of assets in cash or cash equivalents, including shares of affiliated money market funds. Unit holders have to make a minimum initial investment of $1,000 to enter this Zacks#1 Rank (?Strong Buy?) fund.

Some of the fund?s key holdings include PetroChina (PTR - Analyst Report), CNOOC Ltd. (CEO - Analyst Report) and China Life Insurance (LFC - Analyst Report)

Old Mutual Clay Finlay China A (OMNAX) seeks to provide investors with long-term capital appreciation. The fund invests in securities of all market capitalizations, including companies in emerging markets.

Equity securities in which the China Fund may invest include common stocks, preferred stocks, securities convertible into common stocks, depository receipts, rights, and warrants. It is non-diversified.

This Zacks#1 Rank ("Strong Buy") fund has topped its benchmark index in terms of annual returns in the 1-year and 3-year periods. Its key holdings include China Mobile Ltd. (CHL - Analyst Report), Industrial And Commercial Bank Of China Ltd. and Huabao International Holdings Ltd.

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Learn more about the new Zacks Mutual Fund Rank and discover some of the best market-beating mutual funds by browsing our new mutual funds section. This part of Zacks.com offers a variety of tools, including mutual fund research, a new mutual fund screener/>, helpful answers to frequently asked questions and quick access to prospectuses and other information.

By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward.