Sino Vision China limits effect of difficult June


A strategy of greater weighting in consumer staple names meant that the Sino Vision Greater China Market Neutral Fund got hit the least in what was a difficult June, due to the defensive nature of earnings growth in this sector, says Grand Alliance Asset Management’s Evelyn Chen.

Holdings in smart phone component makers, which are seeing significant volume growth despite macro-level uncertainty, and in the cement sector, were also significant contributors to the fund’s 1.02% gain for the month. Year-to-date, the fund is up 7.17%.

Looking ahead, Cheng does not expect to shift the fund’s strategy much in