Clough China I
Insights from China’s Manufacturing Purchasing Managers’ Index
China’s official manufacturing Purchasing Managers’ Index reading for August came in at 49.7 compared to 50.0 in July due due to sluggish client demand and a decline in new domestic and export orders.
Analyzing China’s Leading Economic Index
China’s Leading Economic Index currently indicates that the country’s economy is facing a downturn. Its LEI remained unchanged at 98.71 points in July 2015.
Impact of the Slowdown in China’s Retail and Financial Sectors
The financial sector is the largest sectoral component of all four mutual funds. So how the sector performs will have a major impact on the returns of these funds.
China’s Stock Market Meltdown and China-Focused Mutual Funds
China’s stock market tumbled again on Monday, August 24. As a result, major stock markets around the globe also plunged. The fear of global slowdown is looming in the minds of the investors.
What Are the Portfolio Compositions of CHNIX and MCHFX?
Stocks from the financial sector form the biggest chunk of both funds. These stocks make up 33.9% of CHNIX, while forming 23.8% of the MCHFX.
Analyzing Risk-Adjusted Returns of Four China-Focused Mutual Funds
Risk-adjusted returns is a concept that can be used to determine how much return an investment can provide with the given level of risk associated with it.
China-Focused Mutual Funds: Risk-Adjusted Returns as of June 10
The Fidelity China Region Fund Class C (FHKCX) stands out as the clear winner in risk-adjusted performance. It continues to dominate its peers with a Sharpe ratio of 3.3.