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Chinese equity funds with highest net inflows

Chinese equity funds with highest net inflows

MSCI’s decision to delay including China A-shares in its emerging markets index for the third year in a row has clearly indicated that international institutional investors would like to see further improvement in the accessibility of the China A-shares market.

That’s the view of Remy Briand, MSCI managing director and global head of research.

HSBC previously estimated that if the global index provider did include China A-shares into its emerging markets index, the inclusion could send an extra $20 billion to $30 billion inflows into Chinese stocks over the next year.

Against such a backdrop, Citywire Asia presents the top four Chinese equity funds that have experienced the largest fund inflows over the past 12 months. All of the funds are available for sale either in Singapore or Hong Kong.

*All returns are in British pound. 

4. Anthony Cragg and Elaine Tse, Wells Fargo Asset Management
Fund: Wells Fargo (LUX) WW China Equity A USD
One year net flow changes (May 2015 – May 2016): £7.56 million

Taking fourth position is Wells Fargo (LUX) WW China Equity A USD fund in terms of its fund inflows in the Chinese equity space. The fund is run by Anthony Cragg and Elaine Tse, who are portfolio managers at Wells Fargo Asset Management.

Over the past year, the fund’s net inflows figure was about £7.56 million. The fund’s assets under management started from about £33.58 million and ended at about £38.38 million, while during the process, the fund lost about £2.76 million.

Launched in 2009, the fund is registered for sale in Singapore via Luxembourg.

3. Jacky Choi, Zeal Asset Management
Fund: ZEAL Voyage China Fund HKD
One year net flow changes (May 2015 – May 2016): £9 million

Jacky Choi’s ZEAL Voyage China Fund HKD fund takes third place. Choi is a portfolio manager from Zeal Asset Management.

As of May 31, 2016, the fund had around £169 million in AUM, with assets decreasing 11% from around £190 million since May 31, 2015. The net flow over the past one year was around £9 million while the assets loss was £30.7 million.

The fund is domiciled in Hong Kong. It was launched in September, 2010.

2. Greg Kuhnert and Wanyi Yao, Investec Asset Management
Fund: Investec GSF All China Equity A Acc USD
One year net flow changes (May 2015 – May 2016):
£10 million

The second prize winner is Investec GSF All China Equity A Acc USD fund, run by Greg Kuhnert from Investec Asset Management.

Over the past year, the fund’s AUM have increased by 10% to around £76.1 million from about £69.2 million, as of May 31, 2015. The increased assets include both the fund’s net flow of around £20 million and an asset loss of around £13.1 million.

As of April 30, the fund’s top three holdings were Tencent Holdings (6.4%), China Construction Bank Group (4.7%) and Ping An Insurance Group (4.7%); while the top sectors were financials (24.8%), information technology (18.5%) and consumer discretionary (15%).

The fund, a sub-fund of Investec GSF ALL China Equity I Acc USD, is domiciled in Luxembourg and registered for sale in Singapore. The primary fund was launched in May 2015.

1. Charlie Awdry and May Ling Wee, Henderson Global Investors
Fund: Henderson HF China A2 USD
One year net flow changes (May 2015 – May 2016): £36.42 million

The winner in this category is Henderson HF China A2 USD fund, run by Henderson Global Investors’ portfolio managers Charlie Awdry and May Ling Wee.

Domiciled in Luxembourg, the Hong Kong, Singapore and Macau registered fund was launched in January 2008.

Over the past one year, the net inflow figure was £36.42 million. Back on May 31, 2015, the fund’s AUM was about £80.3 million and by the end of May this year, the fund’s AUM was about £98.26 million. The gap included the net inflows figure of about £36.42 million as well as a loss of assets through performance of £18.45 million.

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Anthony Cragg
Anthony Cragg
31/104 in Equity - Asia Pacific Including Japan (Performance over 3 years) Average Total Return: 12.07%
Elaine Tse
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32/65 in Equity - China (Performance over 3 years) Average Total Return: 14.45%
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42/96 in Equity - China (Performance over 1 year) Average Total Return: 20.13%
Wanyi Yao
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12/96 in Equity - China (Performance over 1 year) Average Total Return: 27.45%
Charlie Awdry
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23/96 in Equity - China (Performance over 1 year) Average Total Return: 22.98%
May Ling Wee
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24/96 in Equity - China (Performance over 1 year) Average Total Return: 22.98%
Greg Kuhnert
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111/209 in Equity - Asia Pacific Excluding Japan (Performance over 3 years) Average Total Return: 9.16%
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