Ox marks the spot? Assessing the animal spirits of Chinese equities

What next for the country in Year of the Ox?

The Year of the Ox is but a tottering calf, so now is as good a time as any to cast a (bull's) eye over Chinese equity funds. Puns intended, and no hint of an apology.

Last year, Chinese small and mid caps were the best-performing fund category, returning more than 70%. This was met with huge enthusiasm, as UK investors put all of £1m into this category. That is 'million', yes. China equity, which delivered more than 30% over the same period, did rather better in terms of flows, at more than £1bn for both Equity China and Equity Greater China Lipper Global Classifications.  What, then, can investors expect from Chinese equity funds in the Year of the Ox? China was the one major economy that came out of 2020 (broadly aligned with the Year of th...