New Capital
China Equity Fund

»Mansfield Mok

The changing face of China

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China offers a plethora of opportunities despite slowing growth

The New Capital China Equity Fund is designed to tap into the powerful macro forces driving the growth of the country’s enormous economy.

While some might worry that China’s GDP growth this year or next might be lower than has been the case over the last decade, we take a different view – namely that growth is still much higher than in western economies while the size of the economy is also bigger than most.

At the same time, we focus on future potential as China attempts to make the leap from being a middle income to a high income country.

Driven by the all-powerful government, we see far-reaching reforms taking effect that will make the largest state-owned businesses more focused on profit and less on accumulating assets for their own sake.

Backing these reforms, we believe generous monetary and fiscal stimulus will power growth from the country’s fast-expanding middle class at home and place less emphasis on low-value exports.

While much of our China outlook is driven by New Capital’s macro emphasis, the fund also has a careful screening process to pick stocks with the most potential to benefit from this exciting economic backdrop.

We look to buy stocks on modest valuations but with strong growth potential and then wait for the market to catch up and re-rate the companies we hold.

Video

China’s economy is shaping up

Mansfield Mok, Senior Portfolio Manager, and Claudia Ching, Senior Equity Analyst, discuss their current investment themes and portfolio positioning

»WATCH THIS VIDEO

Morningstar rating is shown for the New Capital China Equity Fund USD Inst Acc share class

52.24%

Cumulative performance is for the USD Inst Acc share class, since inception (20 Aug 2012)
 
  1 Year YTD
Fund
Benchmark
»MONTHLY COMMENTARY
»QUARTERLY WEBINAR

PRICES AND LITERATURE

Class ISIN Price Currency Price Date Factsheet Datasheet KIID
USD Ord Acc IE00B7TWVK27 149.74 USD 6/22/2017
USD Inst Acc IE00B8BP6F62 155.94 USD 6/22/2017
GBP Ord Acc IE00B4M8JG83 152.38 GBP 6/22/2017 -
EUR Ord Acc IE00B8BNR915 143.53 EUR 6/22/2017 -
USD/CNY Hedge Ord Acc IE00B8C3BZ44 152.42 USD 6/22/2017 -
SGD Ord Acc IE00B7YC5D83 143.93 SGD 6/22/2017 -
HKD Ord Acc IE00B84P7T43 145.21 HKD 6/22/2017 -
GBP Inst Inc IE00BDGNWP20 126.31 GBP 6/22/2017 -

DOWNLOAD FUND DOCUMENTS FOR DUE DILIGENCE

Reports & Accounts
Annual Report-ENG
Semi-Annual Report-ENG
Prospectus
Full Prospectus-ENG
How to Invest
Application Form
Shareholder Notice
Shareholder Notice-ENG
HMRC Year End Reporting
HMRC Reporting-ENG
Registration Matrix
Registration Matrix-ENG
Dealing Calendar
Dealing Calendar-ENG
Memorandum and Articles of Association
Memorandum and Articles of Association-ENG

DOWNLOAD HISTORICAL PRICES FOR DUE DILLIGENCE

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