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China champions: three managers dominating the equity market

Trade wars and geopolitical uncertainty have made China a tough market to excel in. We showcase three managers taking these challenges in their stride.

Jing Ning 

Fidelity International

Fund analysed: Fidelity Funds - China Focus

Citywire rating: A

Market share: 15%

Jing Ning’s Fidelity Funds - China Focus strategy invests in securities of Chinese companies listed in China and Hong Kong, as well as in non-Chinese firms that have a significant part of their business in China.

The fund’s top holdings include China Construction Bank at 6.7%, China Mobile and Tencent. The fund’s assets are mostly allocated to China at 93.7%, with 1.1% in Hong Kong.

It also holds a cash position at 5.2%. Ning has returned 79.8% over the past five years and has outperformed the average manager since November 2014.

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Jing Ning 

Fidelity International

Fund analysed: Fidelity Funds - China Focus

Citywire rating: A

Market share: 15%

Jing Ning’s Fidelity Funds - China Focus strategy invests in securities of Chinese companies listed in China and Hong Kong, as well as in non-Chinese firms that have a significant part of their business in China.

The fund’s top holdings include China Construction Bank at 6.7%, China Mobile and Tencent. The fund’s assets are mostly allocated to China at 93.7%, with 1.1% in Hong Kong.

It also holds a cash position at 5.2%. Ning has returned 79.8% over the past five years and has outperformed the average manager since November 2014.

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Bin Shi

UBS Asset Management 

Fund analysed: UBS (Lux) Eq Fd - China Opportunity

Citywire rating: AAA

Market share: 20%

Bin Shi runs the UBS (Lux) Eq Fd - China Opportunity fund, which invests in a broad range of Chinese equities across the country’s market.

The fund’s assets are mostly allocated to IT at 24.8%, financial services (21.2%) and consumer discretionary (11.6%). Its largest holdings are Alibaba, Tencent and Ping An Insurance.

Over the past five years Shi has returned 132.7% compared with the average manager’s 49.8%. He has been Citywire rated since February 2014, and earned an AAA rating in November 2017, which he has retained month after month.

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Thomas Schaffner 

Vontobel Asset Management 

Fund analysed: Vontobel Fund mtx China Leaders

Citywire rating: AA

Market share: 0.9%

Thomas Schaffner’s Vontobel Fund mtx China Leaders fund mainly invests in equities and equity-like securities and aims for strong capital growth.

The fund’s assets are mostly allocated to financials at 30.7%, information technology at 27.8% and consumer discretionary at 12.7%.

The fund’s largest holdings include Tencent at 8.8%, Alibaba (8.7%) and Ping An Insurance (7.8%). Over the past five years the fund has returned 94.6% and has outperformed the sector average since November 2014.

Shaffner earned his first Citywire rating in November 2011.

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Related Fund Managers

Jing Ning
Jing Ning
4/42 in Equity - China (Performance over 3 years) Average Total Return: 25.93%