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Chinese and European equity funds have outperformed over the last 12 months

Jeffrey Tan
Jeffrey Tan7/24/2017 07:35 AM GMT+08  • 11 min read
Chinese and European equity funds have outperformed over the last 12 months
(July 24): An economic recovery in the US and a surge in the country’s equity markets following the unlikely election of President Donald Trump have hogged the headlines over the past 12 months. But the best-performing Singapore-registered equity funds
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(July 24): An economic recovery in the US and a surge in the country’s equity markets following the unlikely election of President Donald Trump have hogged the headlines over the past 12 months. But the best-performing Singapore-registered equity funds have been those holding Chinese and European stocks. And, these funds appear set to impress further.

According to Morningstar data, Chinese equity funds made up about a third of the top 30 equity funds by performance. European equity funds were the second-best performers, making up about a quarter of the list. The remaining top-performing funds were those with holdings in Asia-Pacific ex-Japan equities — which include Chinese equities — as well as those investing in Japanese equities and global emerging-market equities.

Investec GSF All China Equity A Acc USD — the best-performing Chinese equity fund — recorded a return of 44.9% in the one-year period to July 17. This compares with the 12.3% and 21.4% rise in the CSI 300 and Hang Seng indices, respectively, in the same period. The fund invests in domestic A-shares and offshore Chinese markets, with an overweight on consumer discretionary and IT stocks. Its top holdings as at May 31 included Tencent Holdings, Alibaba Group Holding and Ping An Insurance Group.

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