Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Swiss & Global unveils ‘new economy’ China fund

Swiss & Global unveils ‘new economy’ China fund

Swiss & Global Asset Management has launched the JB China Evolution fund, which will focus on China’s ‘new economy’.

The portfolio of 30-50 core holdings will consist predominantly of consumer, technology, healthcare, and environmental protection stocks that offer strong earnings growth and attractive valuations.

This will significantly underweight the 70% of the MSCI China index comprised of what Swiss & Global terms the ‘old economy’ of telecommunications, energy and financial companies.

The fund will be managed by Jian Shi Cortesi, who already runs the China portfolio of the JB Asia Focus fund. This returned 6.3% in the year to the end of November, compared with 10% from its benchmark MSCI Asia excluding Japan index.

‘China’s credit-driven economic growth model is unsustainable, but the world’s second largest economy is evolving as it moves away from an overreliance on investment towards increased consumption,’ commented Jian Shi Cortesi (pictured).

‘The new reform packages presented at China’s third plenum meeting, in November 2013, included 60 initiatives which to be implemented over the next 10 years. This ambitious plan will enable China to embark on a new growth path through promoting a market driven economy, supporting private businesses, boosting consumption and deepening the urbanisation process.’

The fund’s management fee will be 1.5%.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play On the Road Challenge: Clay pigeon shooting with Thesis' Lansdowne

On the Road Challenge: Clay pigeon shooting with Thesis' Lansdowne

Eleanor Mahmoud goes clay shooting at the National Clay Shooting Centre with Sam Lansdowne from Thesis Asset Management

Play AA-rated Flood on gov't bonds: 'the maths doesn't add up'

AA-rated Flood on gov't bonds: 'the maths doesn't add up'

He also addresses why his Newton Multi-Asset Income fund has such a high cash weighting and why he sees renewables as such a good opportunity.

Play AAA-rated Ali: Identifying the peripheral European plays

AAA-rated Ali: Identifying the peripheral European plays

Citywire AAA-rated Tawhid Ali thinks that plenty of good stocks in the European periphery are being thrown out with the proverbial bath water.

Read More
Your Business: Cover Star Club

Profile: Brewin's Cardiff boss on the Welsh opportunity

Profile: Brewin's Cardiff boss on the Welsh opportunity

Prior to becoming head of Brewin Dolphin Cardiff, Welshman David Myrddin-Evans had only previously visited the city to watch the rugby.

Wealth Manager on Twitter