JSS Equity – All China: Investment Update
- In Q1 2021, the JSS Equity – All China returned -3.0% while its benchmark index, the MSCI China All Shares, returned -1.5%. Since inception, the fund has gained 56.9%, outperforming the market by 23.3%.
- Recent economic data shows an expansion of external and domestic demand. Against this backdrop, we expect the Chinese central bank to cautiously tighten monetary policy.
- We expect 2021 to be a year of more diversified industry allocation with greater focus on outperformance from stock picking.