The five 'new breed' stocks driving the Ignis China fund

The Ignis International China fund has had consistently strong performance over the past three years, and manager Diamond Lee has revealed the five stocks powering it to the top.

Over three years to 30 August, the £31m fund has returned 12.3%, versus an average of 6.7% for the IMA China/Greater China sector, according to Morningstar, and over one year it is beating the average of 18.8% with a return of 26%. Lee has attributed these returns to its focus on privately owned companies in the services industries, rather than state-owned agricultural and industrial giants. "As the Chinese economy continues to undertake its widespread reform programme, we are beginning to see a ‘new breed' of companies emerge," Lee said. "It is a great time to be a stock picker, as t...