First State Greater China Growth re-opens to new investments

Elite Rated First State Greater China Growth fund has re-opened to new investments.

The fund, run by Martin Lau, a senior member of the famed First State Stewart Asia team, has consistently delivered outperformance and demand for the fund was so fierce that it was closed to new investments for four years.

James Yardley, senior research analyst, FundCalibre, commented: “This is an excellent fund in a very specialist area of Asian equities. It has been a firm favourite of ours for a number of years. Martin and the team have shown that they can consistently produce the goods in any type of market environment and it is great news that it has now re-opened to new investors.”

The Chinese market is extremely volatile at the moment and the economy has slowed down more, and for longer, than anticipated. In this environment the team remain focused on companies that can do well even in a slower growth environment, such as those with strong pricing power. They believe that property prices are getting to dangerous levels, particularly in Hong Kong, and that opportunities in A Shares will increase as the market continues to open up.

This article is provided for information only. The views of the author and any people quoted are their own and do not constitute financial advice. The content is not intended to be a personal recommendation to buy or sell any fund or trust, or to adopt a particular investment strategy. However, the knowledge that professional analysts have analysed a fund or trust in depth before assigning them a rating can be a valuable additional filter for anyone looking to make their own decisions. Past performance is not a reliable guide to future returns. Market and exchange-rate movements may cause the value of investments to go down as well as up. Yields will fluctuate and so income from investments is variable and not guaranteed. You may not get back the amount originally invested. Tax treatment depends of your individual circumstances and may be subject to change in the future. If you are unsure about the suitability of any investment you should seek professional advice. Whilst FundCalibre provides product information, guidance and fund research we cannot know which of these products or funds, if any, are suitable for your particular circumstances and must leave that judgement to you. Before you make any investment decision, make sure you’re comfortable and fully understand the risks. Further information can be found on Elite Rated funds by simply clicking on the name highlighted in the article.