Fidelity China Region
Performance of 4 China-Focused Mutual Funds in September 2015
For the one-month ended September 30, 2015, the Clough China Fund Class A (CHNAX) stands out as the worst performer of our China-focused mutual funds with a return of -2.2%.
Conference Board’s LEI Rose in August 2015 for China
The Conference Board LEI (Leading Economic Indicator) for China aggregates six economic indicators that measure economic activity in China.
Flash Caixin/Markit Reading: Manufacturing Fell Again in September
China’s flash reading of the Caixin/Markit Manufacturing PMI stood at 47 in September. It was weaker than expected. It was below August’s final of 47.5.
SSE Composite Index Fell for the Week Ending September 25
The SSE (Shanghai Stock Exchange) Composite Index fell by 0.20% week-over-week and ended at 3,092.35 points on September 25, 2015.
China’s Industrial Production Data for August 2015
China’s industrial production data were weaker than expected and grew by 6.1% year-over-year, or YoY, in August.
Performance of SSE Composite Index for the week of September 18
The SSE Composite Index fell 3.2% week-over-week and ended at 3,097.92 points on September 18, 2015.
China’s Foreign Trade Is Slowing Down
China’s foreign trade data for August were released on September 8. China’s exports in US dollar terms fell 5.5% year-over-year (or YoY) in August, while imports fell sharply by 13.8% YoY.
Company & Industry Overviews
Turbulence in China’s Stock Market
Due to recent stock market turbulence in China’s stock market, the SSE (Shanghai Stock Exchange) Composite Index was down 22.7% month-over-month and ended at 3,200.23 points on September 11.
How Did the Fidelity China Region Fund Class C Perform in August?
The Fidelity China Region Fund Class C (FHKCX) aims to achieve long-term capital growth.
How Is the Chinese Economy Performing?
The uncertainty regarding the Chinese economy is increasing investor fears of a global slowdown.
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.
Flash Reading for Caixin China Manufacturing PMI
The Caixin China Manufacturing PMI was down to 47.1 from 47.8 in July, indicating that the economy is slowing down. China’s annualized industrial production fell 6.0% in July from a rise of 6.8% in June.
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 FHKCX and JCOAX?
The Fidelity China Region Fund Class C (FHKCX) and the John Hancock Greater China Opportunities Fund Class A (JCOAX) benchmark their performance to the MSCI Golden Dragon Index.
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.
How Have China-Focused Mutual Funds Performed?
In the one-month period ended August 4, 2015, each of the four funds we’re covering in this series posted negative returns due to the stock market crash that spread from the end of June until July.