QuotedData's Carthew: Asian trusts succeeding despite China

Stringent lockdowns

Most Asian funds have had a tough time recently, dragged down by their Chinese exposure.

Government intervention in a range of sectors unnerved investors, but now the country has embarked on a new phase of stringent lockdowns in a bid to maintain its zero-Covid policy. Funds dedicated to investing in China have had a torrid time, with JP Morgan China Growth and Income hit especially hard. The Chinese government has reiterated its commitment to its zero-Covid stance, despite the obvious pain that this is inflicting on its economy and the knock-on effect to global supply chains. In that, it has become an outlier. While many other countries in the region were following a simila...