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Top 5 China Funds
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ShareExports from the Chinese mainland in May grew by 50% last year, beating expectations and powering an upsurge in the equity markets. Coming on the heels of near 12% growth in the first quarter, these figures only serve to drive home the point that China’s success story is set to continue. Though its burgeoning equity markets hold the promise of superior returns, the associated volatility can cause serious heartburn for investors. With the advantages of professional management and insights gleaned from research, mutual funds are the best route towards investing in China.
Below we will share with you 5 top rated China funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect the fund to outperform its peers in the future. To view the Zacks Rank and past performance of all China funds, then click here.
Columbia Greater China A (NGCAX) seeks long-term capital growth. It invests heavily in equity securities of companies whose principal operations occur in the Greater China Region. This area includes Hong Kong, China and Taiwan. The fund returned 44.75% over the last one year period and has a three year annualized return of 7.52%.
The China fund has a minimum initial investment of $2,500 and an expense ratio of 1.69% compared to a category average of 1.98%.
Aberdeen China Opportunities A (GOPAX) invests at least 80% of its assets to purchase securities of companies from China, including Hong Kong. The fund invests in companies regardless of market capitalization. It focuses on acquiring common and preferred stock and related convertible securities. The fund returned 56.06% over the last one year period.
The fund manager is Flavia Cheong and has managed this China fund since 2009.
Guinness Atkinson China & Hong Kong (ICHKX) seeks capital appreciation. It invests in companies traded on the Hong Kong and Chinese exchanges. It also purchases securities of companies who derive at least half of their revenues from operations in China. The fund has a five year annualized return of 17.27%.
The fund manager is Edmund Harriss and he has managed this China fund since 1998.
Dreyfus Greater China A (DPCAX) primarily invests in companies listed on exchanges in Greater China, which includes Hong Kong and Taiwan. It also purchases stocks in firms which derive half their revenues from this region. It may also invest in derivatives, futures, options and forward contracts. The fund has a ten year annualized return of 12.54%.
As of April 2010, this China fund held 65 issues, with 4.10% of its total assets invested in AviChina Industry & Technology Co. Ltd.
ProFunds UltraChina (UGPIX) seeks to match the daily performance of the Bank of New York Mellon China Select ADR Index It invests the majority of its assets in securities which are similar to those included in this Index. The fund may use leveraged and sampling techniques to fulfill its stated investment objective. It is a no-load fund.
The fund returned 77.19% in the last one year period.
To view the Zacks Rank and past performance of all China funds, then click here.
About Zacks Mutual Fund Rank
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. Learn more about the Zacks Mutual Fund Rank at http://www.zacks.com/funds/mutualfund/
Read the full analyst report on NGCAX
Read the full analyst report on GOPAX
Read the full analyst report on ICHKX
Read the full analyst report on DPCAX
Read the full analyst report on UGPIX
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| Market Summary | May 26, 2012 05:51 am ET |
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