Best-Performing China Fund in U.S. Bets on New Economy Stocks
- The Invesco Greater China Fund beats 46 peers this year
- Fund raised holdings of Chinese consumer shares over past year
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The No. 1 U.S. fund with exposure to Chinese stocks is making a big bet on the country’s transition to a new economy, boosting holdings of consumer and technology companies.
The Invesco Greater China Fund, which has a total return of 1.54 percent this year through June 16, was the best performer among 47 U.S.-listed global funds tracked by Bloomberg with at least a 25 percent exposure to China. Goldman Sachs Group Inc.’s Emerging Market Equity Insights Fund ranked second with a 0.94 percent return. These managers sidestepped a 19 percent drop in the Shanghai Composite Index and a 13 percent retreat in the Hang Seng China Enterprises Index.