The SSE Composite Index rose by 1.4% to 3,002.64 from August 3 to August 10. The Chinese government bond yield fell after the decline in global bond yields.
The SSE Composite Index was mostly flat for the week ended August 5, 2016. It ended at 2,976.7 as investors lost interest in a further stimulus from China.
The Fidelity Pacific Basin Fund (FPBFX) is well diversified across sectors and countries and can provide a complete flavor of the region without going overboard on any geography or sector.
The Columbia Pacific/Asia Fund – Class A (CASAX) has had a below average 2016 until June 24 in comparison to the eight peers that we have chosen for this review.
China’s service sector expanded at a moderate pace in March. The Caixin China General Services Business Activity Index beat the neutral value of 50 to come in at 51.3 in March.
The Caixin China General Services Business Activity Index came in above the neutral 50.0 value at 51.2 in February, which was down from 52.4 in January.
In this series, we’ve reviewed eight China-focused mutual funds in terms of their performance and portfolio composition. The Fidelity Advisor China Region Fund – Class A (FHKAX) was the largest fund according to asset size.
The Oberweis China Opportunities Fund (OBCHX) has net assets of $100.1 million as of January 2016. The fund has an expense ratio of 1.95%, the highest among all the funds.
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 Caixin China Composite PMI data, which covers both manufacturing and services, pointed to a renewed fall in overall Chinese business activity in September.
