Zhitong Finance APP learned that the Fidelity Fund report shows that as of July 31, the total size of its Greater China Fund was US$878 million, a decrease of approximately US$94 million from US$972 million on May 31. In terms of net value, as of July 31, the unit net asset value of Greater China Fund reached US$245.2, down 5.95% from May 31.
Top ten heavily held stocks in China Fund are TSMC (TSM.US), Tencent (00700), AIA (01299), Alibaba -SW (09988), Meituan -W (03690), Kweichow Moutai (600519.SH), China Resources Land (01109), NetEase-S (09999), Mengniu Dairy (02319), and Yushan Financial Holdings.
According to the monthly report, compared with May 31, the list of the top ten heavily held targets of Greater China Fund has not changed, but has adjusted in terms of ranking and proportion of funds.
Among them, Alibaba changed the most, with the shareholding in the fund increasing by 1.7 percentage points to 5.2% within two months, and its ranking rose to the fourth largest holding stock. At the same time, Tencent's shareholding in the fund fell by 0.7% to 7.9%, still the second largest holding.
Judging from the changes in the ranking of heavily held stocks, as of July 31, the top three heavily held stocks were still TSMC, Tencent, and AIA. It is worth noting that both China Resources Land and Kweichow Moutai have improved. China Resources Land rose from the tenth largest position on May 31 to the seventh largest position, while Kweichow Moutai rose two places to the sixth largest position.
From the industry perspective, information technology, finance, and consumer discretionary products are still the top three industries that Greater China funds have heavy holdings, but the proportion of stocks in the information technology and financial industry positions in the funds has decreased, while consumer discretionary products have increased.
data shows that Fidelity's Greater China Fund was established on October 1, 1990. As of July 31, the fund has a total of 67 stocks, covering mainland China, Taiwan, Hong Kong and other regions.
From the perspective of past returns, Greater China Fund mostly outperformed the Morgan Stanley Golden Dragon Index from 2017 to 2021, and achieved positive returns except in 2021. In 2021, the net value of the fund fell by 5.5%, and the benchmark index fell by 9.5%.
