‘Fashionable' Chinese consumer sector poses dilemma for Awdry

The Chinese consumer sector has been a major talking point among investors in Asia.

Consumer stocks are a strong growth area of the market, but valuations have climbed to extreme levels, presenting a dilemma for China investors such as Charlie Awdry. His £746m China Opportunities fund, a top performer in the IMA China/Greater China sector, had a strong year of outperformance in 2010 and Awdry’s blend of top-down and bottom-up analysis has served him well through recent volatility. Cumulatively, the fund is up 136.1% over five years, compared to a sector average of 114.1%. The fund had very strong years in 2006-07, a weaker 2008-09, and then a strong 2010. Year to ...