China funds gain on territorial dispute plays


As the market rallied strongly, September was mainly a good month for China funds, although third-quarter returns are mixed.

Quam China Focus Segregated Portfolio was up 8.16%, taking three-month returns to 9.23.

The fund’s event book performed well, with holdings China Everbright and Link REIT up 7.9% and 6.2% respectively. Another important holding in the fund’s portfolio, property developer Frasers Property China, was up almost 80% on the month thanks to a mandatory cash offer to shareholders from prospective purchaser Famous Commercial.

Martin Currie China was up 2.25% to take third-quarter returns to 0.81. Gains on the long