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Top Chinese Equity Funds

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October 02, 2009 |Comments: 0
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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 Excellent Picks

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. Shareholders 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)

ProFunds UltraChina Inv (UGPIX) seeks to provide daily investment results, before fees and expenses, that correspond to the performance of the Bank of New York Mellon China Select ADR Index.

The fund may use leveraged investment techniques and/or sampling techniques in seeking its investment objective. It is non-diversified.

This Zacks#1 Rank (“Strong Buy”) fund distributes dividends annually. Its key holdings include China Mobile Ltd. (CHL - Analyst Report), China Life Insurance Co. Ltd. (LFC - Analyst Report) and PetroChina Co. Ltd. (PTR - Analyst Report).

Discover Many More Funds

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.

 

Read the full analyst report on DPCAX

Read the full analyst report on AACFX

Read the full analyst report on UGPIX

Top Mutual Funds from Zacks
 
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