2020欧洲杯足球即时比分Chinese stocks are not on the agenda for most investors, with coronavirus meaning many have lost their appetite, but one fund investing in the region has quietly become this year's top performing portfolio.
2020欧洲杯足球即时比分The fund's returns have dumbfounded analysts as most of the world's markets are in the red so far in 2020. Markets have struggled amid fears of an economic slowdown caused by Covid-19 restricting people and global trade.
2020欧洲杯足球即时比分However, Matthews Asia China Smaller Companies, managed by Tiffany Hsiao, has made investors 18pc since the start of the year.
The average fund investing in China is up just 0.5pc and the market average just 1pc. Most portfolios nose dived following the outbreak of the deadly coronavirus in January. Although the Matthews Asia fund was impacted, it has since recovered strongly.
The fund buys companies worth $10bn (£8bn) or less and mostly owns healthcare and technology stocks. It has done particularly well because it owns innovative, small companies that are meant to insulated from wider economic shocks, the manager said.
Amaya Assan of Square Mile Research and Consulting, a fund ratings agency, said the return was impressive considering the recent turbulence in markets.
She said it had done a a good job of picking the right stocks in areas such as technology, healthcare and consumer goods. These have held up better than other sectors in the Chinese market this year.
“Often the manager’s companies are not typically widely known about or held by other funds,” she added.
This means other shareholders in the business are likely to appreciate the benefits of staying invested and be less likely to sell when markets fall.
The fund also owns stocks that have been the direct beneficiaries of the coronavirus outbreak, such as an online education company and medical waste recycling firms.