The Columbia Greater China Fund – Class A (NGCAX) fell by 0.5% in December 2015 from a month prior. In the fourth quarter ended December 31, the fund was up by 10.0%.
The Templeton China World Fund – Class A (TCWAX) is the third-largest fund under this review, with an asset size of $297.2 million as of January 2016.
The Matthews China Fund – Investor Class (MCHFX) is the second-largest fund under this review, with net assets of $607.0 million as of January 2016.
The Fidelity Advisor China Region Fund – Class A (FHKAX) is the largest fund by net assets. According to the latest available data for January 2016, it had portfolio assets of $1.05 billion with a net expense ratio of 1.28%.
According to Boston Consulting Group, China’s total retail sales are forecasted to grow by 50% to $6.5 trillion by 2020 with online transactions growing by nearly 25%.
China’s service sector has emerged as a bright spot in the Chinese economy, and expansion in this sector partially offsets the weakness in the manufacturing sector.
China’s official manufacturing purchasing managers’ index reading for January was down and came in at 49.4 as compared to 49.7 in December 2015.
China’s economic growth has slowed down compared to its performance during the past decade, resulting in a decline in its GDP growth.
With a rapid wave of economic expansion, China emerged as a world’s second-largest economy in 2010 behind the US, after being the fifth largest in 2002. In the last decade, China’s gross domestic product grew by 10.6%.
There are those betting against the Chinese yuan on the belief that it will keep trending south. There are also those betting against the Chinese economy.
The expectation of a fall in the Chinese yuan’s value remains almost unanimous among the various market participants.
With Ecx.io and Aperto under its umbrella, IBM is trying aggressively to tap the German market as it already has a presence in the UK, France, the Netherlands, Spain, Poland, and the Czech Republic.
According to the latest SWIFT RMB Tracker, the yuan—also known as the “renminbi”—accounted for 2.3% of the global payments in November 2015.
The Vanguard European Stock Index Fund’s assets were spread across a staggering 1,251 stocks as of December 2015.
The JPMorgan Intrepid European Fund’s assets were spread across 79 holdings as of December 2015.
The Franklin Mutual European Fund’s assets were spread across 78 holdings (stocks, bonds, and currencies) as of December 2015.
T. Rowe Price European Stock Fund’s assets were spread across 66 holdings as of December 2015.
The Putnam Europe Equity Fund’s assets were spread across 71 holdings as of December 2015.
The Fidelity Advisor Europe Fund was managing assets worth $1.4 billion as of the end of December.
The Brown Advisory – WMC Strategic European Equity Fund is uniquely positioned. Unlike any other fund in this review, its largest sectoral holding is industrials.