For Immediate Release
Chicago, IL – March 25, 2010 – Today Zacks.com features the Top 4 China funds; AIM China A (AACFX), ProFunds UltraChina (UGPIX), Guinness Atkinson China & Hong Kong (ICHKX) and Dreyfus Greater China A (DPCAX). These China funds are given our highest rating; Zacks #1 Ranked Strong Buys. That means we expect these funds to outperform their peers in the future.
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Zacks #1 Ranked China Funds
AIM China A (AACFX) seeks long-term capital appreciation by investing primarily in equity and related securities, such as convertible bonds issued by companies with significant Chinese operations. Not more than 25% of its net assets may be used to purchase investment grade debt securities. The fund returned over 89.3% in the last one year period and has a three year annualized return of 12.11%.
The China fund has a minimum initial investment of $1000 and an expense ratio of 1.89% compared to a category average of 2.01%.
ProFunds UltraChina (UGPIX) invests the majority of its assets in securities which are similar to those in the Bank of New York Mellon China Select ADR Index. The fund may use leveraging and sampling techniques to fulfill its stated investment objective. It is a no-load fund.
The fund returned 177.09% in the last one year period.
Guinness Atkinson China & Hong Kong (ICHKX) seeks capital appreciation. It invests in companies traded on the Hong Kong and Chinese exchanges. It also purchases securities of companies who derive at least half of their revenues from operations in China. It is non-diversified and invests a large share of its assets in companies included in the Hang Seng Composite index. The fund has a five year annualized return of 14.68%
The fund manager is Timothy W.N. Guinness and he has managed this China fund since 2003.
Dreyfus Greater China A (DPCAX) primarily invests in companies listed on exchanges in Greater China, which includes Hong Kong and Taiwan. It also purchases stocks in firms which have half their assets in China or derive half their revenues from this region. It is non-diversified and may also invest in derivatives, futures, options and forward contracts. The fund has a ten year annualized return of 10.74%.
As of January 2010, this China fund held 64 issues, with 4.19% of its total assets invested in AviChina Industry & Technology Co. Ltd.
To view the Zacks Rank and past performance of all growth funds, then click here.
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