Chinese equities suffered from a mix of events during the second quarter that has resulted in downward pressure and market weakness. In June alone, we saw the currency (RMB) depreciate by almost 4% vs the US dollar and the market lost 8% during this month alone....
China released first-quarter GDP numbers of 6.8%, very impressive for the world’s second-largest economy. Strong domestic consumption, accounting for almost 80% of GDP. Remember before, the GDP growth numbers were government initiated projects, now the strong consumer...
The Shanghai Composite Index was up +14% in 2017 and it was once again firmly on investors’ radars for all the right reasons. China, the world’s second-largest economy, produced GDP growth of 6.9% for 2017, which is an impressive number. This coupled with low...
FMG (EU) China Fund gained +6.4% in the 3nd Quarter of 2017 It was a strong quarter for Chinese equities despite a flat month of September. Some macro factors towards the end of the quarter signalled slightly higher inflation (+1.8%) and a seasonal slowdown in...
FMG (EU) China Fund gained 6.8% in the 2nd Quarter of 2017 A Shares in China gained 2.2% (MSCI China A) during the quarter, but lagged both the Hong Kong shares and emerging markets in general. During the quarter, the regulator introduced tougher measures targeting...
FMG (EU) China Fund +3.1% in the 1st Quarter of 2017 After a disappointing 2016, when the market lost mid-teens, Chinese A share stocks have started its path to recovery with mid-single digit gains during the first three months. Economic data for February points to a...
