A new online investing service has been launched by industry veteran, Simon Wu, to help close the advice gap and enable young people to access professional portfolio management.
The best performing of these four funds during 2020 was Premium China which returned 28.6%.
Following this, VanEck Vectors China New Economy ETF returned 26.8%, Vasco ChinaAMC China Opportunities returned 26.3%, and VanEck Vectors FTSE China A50 ETF saw the lowest positive return at 17.9%. However, Fidelity China reported losses of 7.9%.
The performance of the China funds compared to returns by the Asia Pacific ex Japan sector of 20.3% while those funds focused on single Asian countries such as China and India saw lower returns of 12.9%.
Performance of China funds during 2020
In its latest factsheet, manager Premium China Funds Management said performance of the $149 million Premium China had been helped by performance of consumer and e-commerce stocks and currency hedging gains. Its two-largest holdings were two technology firms, 10% in Tencent and 8.6% farming technology company Pinduoduo.