China

'No longer capable of properly pursuing its investment strategy'

Deputy portfolio managers also leaving

Set to purchase remainder of China International Fund Management

AMC of 0.4%

Chinese equities have led the recovery since the March downturn, with performance supported by net flows into ETFs (along with other funds).

Portfolio response to pandemic

The Covid-19 crisis is weighing on global growth and corporate earnings, with negative effects on the outlook for emerging markets (EM) pushing many countries in recession.

Targets undervalued, high quality companies

Key themes to look out for beyond Q2

FEET bought Tencent during Covid sell-off