GRAPHIC-China's equity funds outperform Asian peers in first quarter [Reuters (UK)]
TENCENT HLDGS UNSP/ADR (TCEHY)
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Source: Reuters
China's equity funds outperform Asian peers in first quarter - Reuters 4 Min Read (Reuters) - China’s equity funds topped Asia in price performance in the first quarter of 2020, Refinitiv Lipper data showed, owing to the resilience of the mainland markets during a coronavirus-induced sell-off in the region. An analysis of 1,348 Asian mutual funds, which are managed by passive and active fund managers and with net assets of $500 million and more, showed seven out of the top 10 performers in the first quarter of 2020, based on price performance, were from China. China’s GF Small Cap Growth Hybrid Fund (LOF) A LP63500624, China Universal Health Care Service Flexible Fund LP68318989, GF Innovation Upgrading Mixed Fund LP68380600, and China Universal Innovative Medicine Mixed Fund LP68507506 topped the list, climbing more than 10% each in the first quarter. For a related graphic, click here Effective containment of the coronavirus outbreak, policy stimulus pledge and the sheer size of the
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