In what was a difficult month for China funds, the China Alpha II fund held its own, gaining 0.48% and taking year-to-date performance to 56.26%. The fund reduced its gross and net exposures earlier in the month but added to the portfolio during the end of August market correction, explains China Alpha Investment Managements Craig Lindsay. The fund also benefited from good results from some of its short plays during August.
The outlook for the China market is quite positive for the months ahead, says Lindsay. Markets are expected to reach new highs later in the year, and