Contributing factors of the reversal of China’s COVID control policy from “Zero Covid Policy” to “Live with Covid” earlier than expected and signs of easing the strict control criteria of large technology companies
All the “fund managers” of all offices chorus in unison that “chinese stock market “It is another market that is a new hope for investment this year.
With the recovery of the Chinese economy Climb up to 4-5% this year, with in the second quarter likely to reach 6.8%, driven by measures to stimulate consumption. support the recovery of the real estate sector this coming
“chinese stock market” will benefit from hidden demand during COVID and savings saved during COVID Including institutional investors around the world continued to underweight stocks, increasing by 3-5%.
fund manager SCB Asset Management Co., Ltd. has a positive view on investment in the Chinese stock market In particular, Chinese A-shares are expected to benefit from recovering domestic consumption, affordable valuations and seasonal factors. tends to gradually recover Although the opening of the city may cause the outbreak to accelerate in the near term.
Let’s explore.”China Equity Fund” that can make the highest return in the top 10 during the Chinese New Year in Thailand According to data from Morningstar Research (Thailand) on 19-20 Jan. 2023 Leading by No. 1. SCB Asset Management SCBCHEQP has a master fund Schroder International Selection Fund – All China Equity C- Acc (USD) with a return of 11.37%.
2. Principal Asset Management PRINCIPAL CHEQ-A
There is a master fund Schroder International Selection Fund – All China Equity C- Acc (USD) returns 11.35%.
Rank 3. Principal Asset Management PRINCIPAL CHEQ-C
There is a master fund Schroder International Selection Fund – All China Equity C- Acc (USD) returns 11.35%.
Rank 4. SCB Asset Management SCBCHEQA has a master fund Schroder International Selection Fund – All China Equity C- Acc (USD), returns 11.27%.
Rank 5. UOB Asset Management UCHINA has a master fund UBS (Lux) Equity SICAV – All China (USD) I-A1-acc with a return of 10.78%.
Rank 6. One Asset Management ONE-ALLCHINA-RA
There is a master fund SISF ALL CHINA EQUITY-C USD with a return of 10.53%.
Rank 7. Krungthai Asset Management KT-CHINA RMF has a master fund BGF China Fund Class D with a return of 10.45%.
Rank 8. SCB Asset Management SCBCHINA has a master fund UBS (Lux) Equity SICAV – All China (USD), returns 10.40%.
Rank 9. Aberdeen Asset Management ABCNEXT-SSF has a master fund Aberdeen Standard SICAV I – China Next Generation Fund with a return of 10.05%.
Rank 10. Krungsri Asset Management KFACHINRMF has a master fund UBS (Lux) Investment SICAV – China A Opportunity (USD), yielding 9.97%.
Although there were many negative factors in the past year that pressured the investment market, but “China Stock Funds” returned to have the second highest inflows of the year 2022.
at the end of the previous year “The Chinese stock market” has positive factors from the trend of easing COVID measures in the country. As a result, investment in Chinese stocks recovered, resulting in the Chinese stock fund average return of 5.3% in the last quarter. But during the year, it was still negative 27.2%, with funds focusing on A Shares having less volatility than in the year. But recovered the least on average in the last quarter.
While China’s tech stocks will recover better. in terms of investment “China Equity Funds” returned to buy more in the most recent quarter at almost 6 billion baht, mainly from buying in December from both tax-advantaged funds and general mutual funds. For the whole year, there was an accumulated net inflow of 21 billion baht.
However, the “China Stock Fund” last year had quite negative returns. As a result, the net asset value dropped by 17.7%, but there was still a positive organic growth of 12.3%. It’s starting to get back on investors’ radar this year. began to gradually increase the investment weight back in according to the risk that can be tolerated should help balance the investment portfolio in the year of the golden rabbit, have a chance to make returns beat inflation and the market