151 China Funds in Malaysia

151 China Funds in Malaysia


"Penang-born 'Goldfinger' believes US and China may cooperate out of necessity" (https://www.theedgemarkets.com/article/penangborn-goldfinger-believes-us-and-china-may-cooperate-out-necessity) reported Penang-born value investor Datuk Seri Cheah Cheng Hye:-

• "Many people don't seem to realise, despite the negative news headlines, today, the trading partner of the US is still China, not Canada or Mexico. The two countries are very much mutually dependent on each other. You can't really take away this bilateral relationship overnight. I am looking forward to a situation where they will get back together again," he added.
• "In the case of China, the news has been more positive than I had expected. In early April, I thought China could only look forward to a U-shape recovery. But now, it shows that I was too pessimistic, as China is heading towards a V-shape recovery,” he said.
• Meanwhile, Cheah warned that the current stock market in the US is in a high-risk territory, as its stock valuation is extremely high by any standard, which is a big mismatch against its poor economic performance.
• "You don't need to be a genius to figure that out actually. The price-earnings ratio of S&P 500 is about 23 to 24 times. But the US economy is doing very badly, its GDP (gross domestic product) is likely to be down by 6%-6.5% this year," he said.
• At some point, said Cheah, the financial engineering or bubble economy of the US, whose problems are pushed to the future in order to embark on a fiscal monetary stimulus, "will result in tears", and that made him pessimistic about the US stocks.
• "Value investors should be looking at China-related stocks and bonds, while they should be cautious about US equities. Don’t get me wrong, this is not a political statement, it is just a statement of factual observation," he advised.

China funds in Phillip Mutual's platform

• Equity (wholesale) - For high networth individuals only
• Affin Hwang World Series – China Growth Fund - MYR / MYR Hedged / USD
• Affin Hwang World Series - China Allocation Oppourtunity Fund - MYR / MYR Hedged / USD / SGD Hedged / AUD Hedge
• Affin Hwang World Series - China A Opportunity Fund - MYR / Hedged / USD / SGD Hedged / Hedged
• Amchina A - Shares - MYR Class / MYR- Hedged Class
• Manulife Dragon Growth Fund - USD / MYR Hedge
• Equity (retail)
• CIMB-Principal Greater China Equity Fund
• CIMB-Principal China Direct Opportunities Fund - MYR Class / SGD Class / USD Class
• Eastspring Investments Dinasti Equity Fund
• Manulife China Equity Fund
• Manulife Dragon Growth Fund - USD / MYR Hedge
• Manulife Investment Greater China
• Pacific Focus China Fund
• RHB Big Cap China Enterprise Fund
• RHB Shariah China Focus Fund
• Fixed Income (wholesale) - For high networth indivisuals only
• RHB China Bond Fund - RM / RM-Hedged / USD-Hedged / AUD-Hedged / RMB

Performance of the retail funds (within Phillip Mutual's platform only)

3-months

Source: Morningstar (my.morningstar.com)

6-months

Source: Morningstar (my.morningstar.com)

1-year

Source: Morningstar (my.morningstar.com)

3-year

Source: Morningstar (my.morningstar.com)

Note: Principal China Direct Opportunities MYR / SGD / USD, RHB Shariah China Focus RM are less than 3 years old. So, the performance shown is not correct.

5-year

Source: Morningstar (my.morningstar.com)

Note: Principal China Direct Opportunities MYR / SGD / USD, RHB Shariah China Focus RM are less than 3 years old. So, the performance shown is not correct.

10-year

Source: Morningstar (my.morningstar.com)

Note: Principal China Direct Opportunities MYR / SGD / USD, RHB Shariah China Focus RM are less than 3 years old. So, the performance shown is not correct.

Performance of China funds in Malaysia sort using Morningstar

China funds - Morningstar Rating

China Funds - Lipper Leader Rating

China Only

Greater China

Personal Observations

1. Both Morningstar and Lipper Leader give higher rating to Principal Greater China Equity and Eastspring Investments Dinasti Equity.
2. Annualised return for 10 years span for Principal Greater China Equity and Eastspring Investments Dinasti Equity are above 8% - Satisfactory. Unit trust is for long term investment.
3. Can be seen from 10-year performance chart, almost all funds did not perform during 2010-2016. For investors doing regular savings plan, it's great time to accumulate cheaper and more units.
4. If we study the fund factsheet, CIMB-Principal Greater China Equity Fund invest in China, Taiwan and Hong Kong SAR. While CIMB-Principal China Direct Opportunities Fund invest directly in China A-shares.
5. All the funds for retail investors can be invested through eUnitTrust platform or FAME platform.
1. eUnitTrust platform (all transactions done online without agent's assistance, do your own homeworks, all DIY, save costs) - Open eUnitTrust Account Here
2. FAME platform (for account with servicing agent assistance), choose either Non-Wrap Account Here or Wrap Account Here. (Find out the difference of accounts here)
6. Have been thinking Taiwan and China are the two country/region that are the first to recover from Covid-19 pandemics. So, their economy should recover faster than the others. Europe and America seems like still struggling to overcome the Covid-19 pandemics.
7. China economy may be slowing down but it is still faster than many countries; and their technology advancement is getting stronger and stronger.