Galaxy China rockets to top league tables

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A 40.5% gain propelled the Galaxy China Deep Value fund to the top of the league tables for March, and took the fund firmly back into positive territory at 27.67% year-to-date. Galaxy’s Joe Chan explains that the massive gain was due to explosive performance by a couple of stocks in the fund and that gains were really due to alpha generation, and not due to any highly-leveraged plays.

Chan maintains a positive view about the market for the rest of the year, based on capital flows as well as improving fundamentals. Money supply in China is not as