Sophia’s SAM I bucks negative trend in China

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While most China funds took a hammering in May, Sophia Asset Management’s SAM I Fund gained 1.58% for the month and is up 4.90% year-to-date. The Hong Kong-based fundamental research-oriented China fund, which launched in May 2010, made very stock-specific gains from China listings in both Hong Kong and the US, with no one sector performing better than another.

As the market carnage continues into June, Sophia’s Cynthia Ng notes the sharp fall by some stocks defies logic, with investors in the grip of a sudden loss of confidence that is not supported by fundamentals. Yet investors have