Strong performance by holdings in developers, technology, media, and consumer stocks on the long side helped the Golden China fund gain 26.64% in May. The fund continued to perform strongly in June, growing 10.66% to June 12, taking year-to-date returns to 69.67%.
Fund manager George Jiang is managing the short book more actively this year - overall the short book also contributed to the portfolio's return.
Jiang expects some of the H-shares to continue offering upside opportunities. With 20% of these stocks overvalued and 40% fairly valued, his task ahead is to identify undervalued China stocks with high