Statwatch: Neptune China fund

The Neptune China fund continues to benefit from increasing domestic Chinese consumer spending, acco...

The Neptune China fund continues to benefit from increasing domestic Chinese consumer spending, according to assistant manager Shelley Kuhn. The £9.5m fund, which launched in 2004, is currently leading the IMA Asia Pacific ex Japan sector over 12 months to mid-October. The fund has reported bid to bid growth of 38.19% to mid-October 2006. The closest China-only fund in the sector is the Gartmore China Opportunities fund, with growth of 32.47% over the period. Kuhn says the Neptune China fund has two main themes, consumer growth and energy with about 35% of the portfolio invested in ...