Upbeat China, India sentiment bolsters Bowen funds


Improved sentiment towards China and India benefited both the Bowen Asia Fund, up 10.84% and the Red Cobra Fund, up 11.23% in January. China stocks that had been heavily oversold in 2011, such as social networking service and online gaming provider Tencent and footwear retailer Daphne rebounded well in the month as investors were heartened by healthy retail spending over the Chinese New Year period, explains Bowen Asia’s Celina Lin. This helped sentiment, as did better-than-expected US data. Similarly, Indian consumer names that were not really affected by the global economic situation but had nevertheless been oversold in