Hong Kong-based Titan China Vision Fund, which invests in closed-end funds, equities and convertible bonds within the Greater China region, posted a 10.54% gain in October, bringing year-to-date returns to 19.50%.
The fund was overweight since September on high beta cyclical stocks in the cement, construction machinery, shipping and banking sectors, due to cheap valuation and positive policy expectation.
The fund shifted its focus to offshore China equity-related investments, especially H-shares resulting in the current portfolio consisting only of stocks, REITs and equity warrants.
Its stock picks include ICBC, Anhui Conch Cement and China Shipping Development. Holdings in