Wide dispersion among Chinese funds

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June saw the China market rebounding slightly after the heavy sell-off seen in May. The MSCI Zhong Hua Index was up 1.67% on the month.

First-half numbers, as elsewhere in Asia, showed a wide dispersal. Tairen China was up 2.6% on the month to take first-half returns to 7.98%, while Marco Polo Pure China fell by 3.3% during the month, putting six-month figures at 5.25%, and Golden China Fund was up 4.55% on the month to take H1 returns to 8.71%.

Acru China+ was up 0.62% on the month, taking six-month figures to 10.76%. During the month, managers