Matthews China Investor
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.
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.
Are There Opportunities amid China’s Manufacturing Slump?
China’s manufacturing sector has been plagued by weak demand, rising labor costs, overcapacity in industries, and tighter resource and environmental constraints.
MCHFX Rose despite China’s Volatile Equity Market
Despite China’s volatile equity market environment and a slowdown in the economy, MCHFX was able to post a positive performance for November 2015.
Did China End Its 4-Month Decline in Foreign Reserves in March?
China’s State Administration of Foreign Exchange, or SAFE, released foreign reserve data for March on April 7, 2016. China’s foreign reserves rose $10.3 billion to $3.2 trillion in March.
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.
SSE Composite Index Fell after the United Kingdom’s Vote
The SSE Composite Index fell for the week ending June 24. The United Kingdom’s vote to leave the EU caused tremors across global markets.
The Caixin China Manufacturing PMI Contracted Sharply in May
The Caixin China manufacturing PMI (or purchasing managers’ index) contracted further in May 2016 and came in at 49.2 compared to 49.4 in April.
China’s Caixin Manufacturing PMI Still below Threshold in April
China’s Caixin Manufacturing PMI fell to 49.4 in April from 49.7 in March. This indicated further deterioration in the manufacturing sector.
SSE Composite Index Was Flat as NPC’s Annual Meeting Ended
The Shanghai Stock Exchange (or SSE) Composite Index was almost flat from March 9–March 16 and ended at 2,870.43 points on March 16. This occurred after China’s National People’s Congress wrapped up its two-week annual meeting by approving its 13th Five-Year Plan.
China’s February PMI: How It Affects Crude Oil Tankers
Markit’s manufacturing PMI (purchasing managers’ index) for China, which is an indicator of the country’s economic health, came in at 48 (MCHI) (FXI) in February 2016.
China’s Official Manufacturing PMI Fell Further in February
China’s official manufacturing PMI (or purchasing managers’ index) reading for February came in at 49.0.
Matthews China Fund: 2015’s Top Performer with Lowest Expense Ratio
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.
Slowdown in Manufacturing Sector Forces China to Shift Its Focus
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.
SSE Composite Index Was Flat from January 27 to February 3
The SSE Composite Index was flat from January 27 to February 3. It ended at 2,739.25 points on February 3, 2016.
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%.
Slowing Chinese Economy Raises Speculation about Global Growth
With the slowdown in the Chinese economy, achieving a gross domestic product (or GDP) growth rate of around 7% in 2015 seems difficult. There are also rising concerns of a slowdown in the world economy.
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.
What Are China’s CPI, PPI, and Debt Data Indicating?
China’s CPI rose to 2% in August year-over-year, mainly due to higher food prices, especially pork, and not due to an improvement in economic activity.
Surprise Yuan Devaluation and the Consequences
The yuan devaluation may provide little help in boosting exports. The People’s Bank of China (or PBoC) surprisingly devalued the yuan by nearly 2% against the US dollar on August 11.
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.
How Did the Matthews China Fund Perform in August?
The Matthews China Fund Investor Class (MCHFX) aims to achieve long-term capital appreciation.
Caixin China Manufacturing Purchasing Managers’ Index Hits 47.3
In August, the Caixin China Manufacturing Purchasing Managers’ Index reached a low of 47.3, up slightly from the flash reading of 47.1 but down from 47.8 in July.
China-Focused Mutual Funds: Performance as of September 2
In this article, we’ll compare the performance of four China-focused mutual funds. China’s stock market crashed on August 24, 2015, and the effect of the crash is clearly visible in their one-month returns.
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.
Why the Chinese Stock Market Meltdown Is Just the Tip of the Iceberg
The Chinese stock market meltdown is just one of the indicators of how fragile the Chinese economy is.
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.