Oberweis China Opportunities
Why Did the SSE Composite Index Fall Last Week?
The SSE Composite Index fell by 1.4% to 2,885.1 from June 8 to June 17, 2016, after MSCI decided not to include China’s A-shares in its Emerging Market Index for the third straight year.
China’s Official Manufacturing Data Remained Unchanged in May
China’s manufacturing purchasing managers’ index (or PMI) is an economic indicator that provides a snapshot of the manufacturing sector of its economy.
Why Did China’s Industrial Profits Fall in April?
Profits at state-controlled firms have fallen 7.8% YoY. This impacted total industrial profits. The inventory levels at industrial firms fell 1.2% YoY at the end April.
China’s Industrial Production Disappointed in April
According to the NBS (National Bureau of Statistics), China’s industrial production of enterprises above designated size grew by 6.0% year-over-year (YoY) in April 2016.
Why China’s Official Manufacturing PMI Fell Slightly in April
China’s official manufacturing PMI reading for April was 50.1, down from 50.2 in March. This index focuses mainly on large Chinese companies.
China’s Industrial Production Jumps: Which Companies Benefit?
In 1Q16, China’s industrial production rose 5.8% YoY, up from the 5.4% increase seen in January and February 2016.
Company & Industry Overviews
Chinese Stocks Shrug Off Slashed Ratings Outlook
China’s benchmark equity index, the Shanghai Stock Exchange Composite, has fallen by 15% in 1Q16 in Chinese yuan terms.
Expansion in China? March’s Official Manufacturing PMI
China’s official manufacturing PMI reading for March was up, coming in at 50.2 compared to 49.0 in February, after consecutive eight months of decline.
China’s Industrial Production Slid in January and February 2016
China’s industrial production of enterprises above a designated size grew at 5.4% year-over-year in the first two months of 2016. This was the slowest recorded since November 2008.
China-Focused Mutual Funds: For Long-Term Adventurous Investors
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.
OBCHX: Exposure to Small to Mid-Size Companies
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.
What’s in Store for the Chinese Economy in 2016?
China’s exports and imports are down due to weak demand globally and falling commodity prices.
SSE Composite Index Falls despite China’s New IPO System
The SSE Composite Index fell by 1.8% from December 2 to December 9 and closed at 3,472.44 on December 9, 2015.
How Did the Shanghai Stock Exchange Composite Index Perform?
The Shanghai Stock Exchange (or SSE) Composite Index fell by 3.1% from November 25 to December 2, and ended at 3,536.9 points on December 2, 2015.
Company & Industry Overviews
Further Weakness: What’s in Store for the Chinese Economy?
In October, China’s exports (in US dollar terms) fell 6.9% year-over-year (or YoY) to $192.4 billion while imports fell 18.8% year-over-year to $130.8 billion.