CB gains lift Pinpoint China funds


Pinpoint continued its strong showing in the Greater China universe with the flagship large-cap long/short equity Pinpoint China Fund up 5.98% in June, 44.01% year to-date, and the mid- and small-cap long/short equity Pinpoint Opportunities Fund up 11.97% in June, 70.08% year-to-date.

Pinpoint's Yongshan Duanmu explains that convertible bonds and bonds accounted for over half of the Pinpoint Opportunities Fund portfolio and also brought in a similar proportion of returns in June, while the remainder came from fundamental stock picking on both the short and the long books with strong gains from the property and consumer sectors.

Duanmu says