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Neuberger Berman China Equity USD A Acc

Ranked 68 out of 144 in - Greater China over 12 months
All calculations are in USD unless stated

Managed by

Frank Yao

Frank Yao was born in Shanghai in 1961. He started his career as a professor at the Shanghai University of Technology in 1987. In 1993 he started his investment career by joining Dow Jones as mortgage-backed securities analyst. Over the last sixteen years he has joined different companies such as Goldman Sachs, Alpha AM, Berens Capital, HuaAn Fund Management and Avenue Capital. Frank joined Neuberger Berman, Asia in 2008 where he is the managing director as well as a fund manager. His investment style is active and Frank bases it on intensive research, bottom up and a macro overlay with a value-bias. He holds a masters degree in Finance from the Stern School of Business at New York University and he is member of the standing committee of the Chinese people's political consultative conference (CPPCC) in Shanghai Pudong. Frank also sits on the QDII Expert Committee for China Securities Regulatory Commission (CSRC). Away from fund management he enjoys tennis.


The Fund aims to increase the value of your shares through a combination of growth and income by investing in the shares of companies that carry out a majority of their activities in the Greater China region: China, Hong Kong, Macau or Taiwan. The fund will identify opportunities by carrying out intensive research on companies as well as the general economic outlook for the region.

Showing fund performance globally. You can view performance in individual jurisdictions.


Greater China over : 30/11/2017 - 30/11/2018

Total Return

Quarterly Performance

to 30/09/2018 Annual Q1 Q2 Q3 Q4
2018 5.2% -5.9% -7.7%
2017 65.1% 13.9% 16.0% 11.3% 12.3%
2016 -4.3% -7.9% 0.2% 12.7% -8.0%
2015 0.7% 4.6% 10.4% -20.8% 10.1%
2014 21.6% -3.8% 5.8% 5.0% 13.8%
2013 4.4% -1.7% -8.5% 8.5% 6.9%
2012 22.5% 7.0% -4.4% 2.6% 16.9%
2011 -14.1% 4.0% 0.7% -20.0% 2.6%
2010 8.6% -1.6% -4.8% 16.1% -0.2%
2009 16.0%

Month by Month Performance

Returns Vs Risk

Asset Allocation



Top 10 Holdings

Stock Size
Tencent Holdings Ltd ORD 9.67%
Alibaba Group Holding Ltd DR 9.53%
China Construction Bank Corp ORD 7.00%
HKD Cash 4.54%
ZTO Express (Cayman) Inc DR 4.27%
Industrial and Commercial Bank of China Ltd ORD 4.17%
Gree Electric Appliances Inc of Zhuhai ORD 3.95%
Huadong Medicine Co Ltd ORD 3.35%
Brilliance China Automotive Holdings Ltd ORD 3.09%
Inner Mongolia Yili Industrial Group Co Ltd ORD 3.07%

Registered For Sale In

  1. Austria
  2. Belgium
  3. Chile
  4. Denmark
  5. Finland
  6. France
  7. Germany
  8. Hong Kong
  9. Iceland
  10. Ireland
  11. Italy
  12. Liechtenstein
  13. Luxembourg
  14. Netherlands
  15. Norway
  16. Portugal
  17. Singapore
  18. Spain
  19. Sweden
  20. Switzerland
  21. United Kingdom

Fund Info

  • Launch date14/07/2009
  • Share Class size118Mn
  • Base currencyUSD
  • ISIN IE00B543WZ88

Purchase Info

  • Min. initial investment1,000
  • Min. regular additional investment0


  • Annual management1.85%
  • Initial investment1.85%

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AA-rated manager ups Chinese bank exposure

Neuberger Berman's Frank Yao has significantly increased holdings in Chinese banks due to depressed valuations.

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Neuberger Berman's Frank Yao believes liberalisation of country's financial markets will produce ample investment opportunities.

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in USD).