143 MSCI China Equity funds, AUM $38bn MSCI China Funds: Performance & Attribution Review, Q3 2024 Summary China funds enjoyed strong returns to close out Q3 2024, driven by stimulus measures introduced at the end of the quarter. Despite an average rise of 18.7%, over two-thirds of the funds in our analysis underperformed the iShares MSCI China ETF, with a …
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143 MSCI China active equity funds, AUM $38bn China Funds: Extreme Stocks Summary In this report, we screen for stocks at the extreme ends of their positioning or momentum ranges. We synthesize current and historical data on fund positioning with recent manager activity to accurately assess sentiment for each stock in our coverage. In focus this month: High Positioning, Positive …
Continue Reading143 MSCI China Equity funds, AUM $38bn MSCI China Funds: Performance & Attribution Review, Q2 2024 Summary Heavy underperformance in Q2: Average returns of 3.46% lag the iShares MSCI China ETF by -3.15%, with just 11.5% of funds outperforming. Key Industry Level Positioning Costs Managers: At the industry level, 2.3% of underperformance was observed across Internet Software/Services, Alcoholic Beverages, …
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144 active MSCI China equity funds, AUM $40bn China Real Estate: Continued Fund Rotation Drives New Lows Summary Record Low Allocations: Real Estate holdings in active China equity funds have plummeted to a new low of 2.51%, with only 76.4% of funds maintaining any position. Concentrated Holdings: The number of Real Estate companies held has dropped to 42, with the …
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143 MSCI China Equity funds, AUM $39bn MSCI China Funds: Performance & Attribution Review, Q1 2024 Summary • Tough start to 2024, but Active Funds match Benchmark: Average returns of -2.53% lag the iShares MSCI China ETF by -0.05%, with 47.8% of funds outperforming. • Value beats Growth: Value beats Growth on average, but best performers are from the …
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125 MSCI China active equity funds, AUM $38bn MSCI China Funds: Stock Radar Summary In this report, we identify eight stocks that are currently positioned at the extreme ends of their historical position ranges, or have experienced significant shifts in fund ownership in recent months. Extreme Stocks in Focus – Contemporary Amperex Technology Co., Ltd. Class A– Sungrow Power Supply …
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146 China Equity Funds, AUM $46bn China Macro: Sector Positioning Update Industrials and Consumer Staples remain top overweights, though sentiment fragile for both. Energy sector shows signs of a turnaround from long-term decline, whilst Financials remain unloved by China investors. Real Estate allocations have hit record lows, with average holdings at just 2.93%, while Consumer Discretionary sector approaches all-time highs. …
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149 Active MSCI China Funds, AUM $45bn Precious Metals Buck Weakening Materials Trend • Rotation in to China Precious Metals stocks pushes ownership to record levels, bucking the trend of overall Materials sector decline. • Precious Metals overtake Industrials Specialties as the largest industry holding in the Materials sector. • Zijin Mining Group soars to new ownership highs, attracting funds …
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150 Active MSCI China Funds, AUM $47bn China Fund Positioning Analysis, October 2023 In this issue: China Banks: Consolidating The Lows as Old Guard Makes a Come Back New Oriental Education & Technology: Back From the Dead MSCI China Stock Positioning & Activity Update 150 Active MSCI China Funds, AUM $47bn China Banks: Consolidating the Lows as Old Guard Makes …
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254 China Equity Funds, AUM $100bn China Fund Positioning Analysis, August 2023 In this issue: China Stock Radar A-Share Construction Materials Slump A-Share Packaged Software Revival 152 MSCI China Equity Funds, AUM $55bn MSCI China Stock Radar Investment levels among the thousands of stocks in the investible China universe differ greatly. Some stocks are widely owned, others largely avoided …
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