![]() Investors who had turned shy since the Donald Trump administration barred U.S. Some of his clients are instead looking at ex-China exposures within Asia, such as Japan, he said.Ĭhina’s CSI 300 index (.CSI300) is flat for the year, whereas Japan's Nikkei index (.N225) is up 25% and the S&P 500 (.SPX) nearly 19%. “In the last six to 12 months, there have been almost no queries for a China-focused mandate,” said Benjamin Low, a senior investment director at Boston-based advisory firm Cambridge Associates. Singapore sovereign wealth fund GIC's CIO Jeffrey Jaensubhakij said it has "incrementally" moved its capital to sectors and countries benefiting from shifts in the global supply chain and most of it "has been basically out of China into countries such as Mexico, India, Indonesia and Vietnam."įund managers and advisers are struggling to attract investment into China-focused products. ![]() The well-known UBS China Opportunity Equity Fund saw assets shrink to $4.5 billion by the end of June, a fourth of levels in January 2021. The size of the top 10 China-focused mutual funds tracked by Morningstar has slumped over 40% from its peak in 2021.
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