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Top Chinese Equity Funds
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ShareToday 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
Guinness Atkinson China & HK Fund A (ICHKX) seeks long-term capital appreciation primarily through investments in securities of China and Hong Kong. It was incepted in June 1994.
The fund invests at least 80% of its net assets in equity securities of companies that are primarily traded on the China or Hong Kong exchanges. It also invests in equity securities of companies that derive at least 50% of their revenues from business activities in China and/or Hong Kong, but which are listed and traded elsewhere.
The fund has an expense ratio of 1.62%. As of June 2009, it has a portfolio turnover of 2.16%.
Edmund Harriss has been lead manager of the fund since April 1998. Harriss was with Investec from July 1993 to April 2003, after which he joined Guinness Atkinsons.
Matthews China Fund (MCHFX) was incepted in February 1998. The fund seeks long-term capital appreciation.
The fund invests at least 80% of its assets, which include borrowings for investment purposes, in the common and preferred stocks of companies located in China. China includes its administrative and other districts, such as Hong Kong.
The fund distributes dividends and capital gains annually. It has an expense ratio of 1.23%.
Richard H. Gao has been lead manager of the fund since January 1999. Gao is currently a Portfolio Manager with Matthews and joined the firm in 1997 as a China Analyst
Dreyfus Greater China A (DPCAX) seeks long-term capital appreciation. It was incepted in May 1998.
The fund normally invests at least 80% of its assets in stocks of companies that are principally traded in China, Hong Kong or Taiwan or which derive at least 50% of their revenues from Greater China, or have at least 50% of their assets in Greater China. The fund usually invests in companies that they believe are growing rapidly and whose share price appears to be reasonably valued based on that growth potential.
The fund has an expense ratio of 2.00%. As of July 2009, it has a portfolio turnover of 79.48%.
Nina Wu has been lead manager of the fund since December 2006. Before joining Hamon in March 2006, Wu was a portfolio manager for Everbright Pramerica Fund Management Co., Ltd
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 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 ICHKX
Read the full analyst report on MCHFX
Read the full analyst report on DPCAX
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| Market Summary | May 26, 2012 05:24 am ET |
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