Best China Region Mutual Funds in 2024

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Contributor, Benzinga
December 20, 2024

Currently, the best mutual funds in the China region are the Matthews China Fund, Fidelity China Region Fund and Invesco Greater China Fund Class A.

China region mutual funds might be your ticket to tapping into one of the world's most dynamic and rapidly growing economies. With China’s innovation powerhouse, expanding consumer market and strong industrial backbone, these funds offer opportunities for significant growth, but they’re not without risk. If you’re ready to explore beyond the usual suspects of U.S. and European markets, keep reading to see why China region mutual funds may deserve a spot in your portfolio.

China Region Mutual Funds

China region mutual funds focus on investing in companies in mainland China, Hong Kong, Taiwan and surrounding regions. These funds offer exposure to the second-largest economy in the world, which continues to grow across key industries like technology, green energy and consumer goods.

Key Benefits:

  • High Growth Potential: With its rapidly growing economy, China offers opportunities for significant returns, especially in emerging industries.
  • Diversification: Investing in this region allows investors to reduce dependence on developed markets like the U.S. and Europe.
  • Sector Innovation: China is a global leader in e-commerce, renewable energy and artificial intelligence.

Investing in China has its challenges. Risks include regulatory changes, geopolitical tensions and market volatility, so it’s essential to weigh the pros and cons before making a decision.

10 Best China Region Mutual Funds

Investing in China region mutual funds offers exposure to one of the world's most dynamic economies. Here are 10 top-performing funds to consider.

1. Matthews China Fund (MCHFX)

MCHFX invests in Chinese companies across various sectors, aiming for long-term capital appreciation. The fund is known for its active management and in-depth research into China's evolving market landscape.

Why We Picked It: Matthews China Fund has a strong track record and is managed by a team with deep expertise in Asian markets. It provides investors with targeted exposure to China's growth.

2. Fidelity China Region Fund (FHKCX)

FHKCX invests in companies operating in the Greater China region, including mainland China, Hong Kong and Taiwan. The fund seeks capital appreciation by focusing on sectors poised for growth within these markets.

Why We Picked It: Fidelity's extensive research capabilities and regional presence enhance the fund's potential to identify and invest in high-performing Chinese companies.

3. Invesco Greater China Fund Class A (AACFX)

AACFX aims to achieve long-term growth by investing in a diversified portfolio of Chinese equities. The fund emphasizes companies with strong earnings potential and sustainable business models.

Why We Picked It: Invesco's disciplined investment approach and focus on quality companies make this fund a compelling choice for exposure to China's market.

4. T. Rowe Price China Evolution Equity Fund (TCELX)

TCELX focuses on Chinese companies with strong growth prospects, particularly in the consumer and technology sectors. The fund seeks to capitalize on China's economic transformation and rising domestic consumption.

Why We Picked It: T. Rowe Price's experienced management team and strategic focus on evolving Chinese industries offer investors a unique growth opportunity.

5. iShares MSCI China ETF (MCHI)

MCHI seeks to track the investment results of an index composed of Chinese equities, providing broad exposure to the Chinese market. The fund includes large and mid-sized companies across various sectors.

Why We Picked It: As an ETF, MCHI offers liquidity and lower expense ratios, making it an efficient vehicle for investors seeking diversified exposure to China's economy.

6. SPDR S&P China ETF (GXC)

GXC aims to replicate the total return performance of the S&P China BMI Index, covering a broad spectrum of Chinese companies. The fund provides exposure to both large and mid-cap segments of the Chinese market.

Why We Picked It: GXC's comprehensive coverage of the Chinese market and cost-effective structure make it appealing for investors seeking diversified exposure.

7. KraneShares CSI China Internet ETF (KWEB)

KWEB focuses on Chinese internet and technology companies, aiming to capture the growth of China's burgeoning digital economy. The fund includes companies in online commerce, search engines and social networking.

Why We Picked It: KWEB offers targeted exposure to China's rapidly expanding internet sector, presenting significant growth potential for tech-savvy investors.

8. Franklin FTSE China ETF (FLCH)

FLCH seeks to provide investment results that closely correspond to the performance of the FTSE China Capped Index. The fund offers exposure to large and mid-cap Chinese companies and covers various sectors, including financials, technology and consumer goods.

Why We Picked It: Franklin Templeton's FLCH provides a cost-effective way to gain diversified exposure to China's equity market, backed by a reputable asset manager.

9. WisdomTree China ex-State-Owned Enterprises Fund (CXSE)

CXSE invests in Chinese companies that are not state-owned, focusing on the private sector's growth and innovation. The fund emphasizes sectors such as technology, consumer discretionary and health care.

Why We Picked It: By excluding state-owned enterprises, CXSE targets China's economy's more dynamic and entrepreneurial segments, offering higher growth potential.

10. abrdn China A Share Equity A (GOPAX)

GOPAX invests primarily in China A-shares, which are mainland China-based companies traded on Chinese stock exchanges. The fund seeks long-term growth by focusing on companies benefiting from China's economic reforms and domestic consumption trends.

Why We Picked It: Aberdeen's deep expertise in Asian markets and focus on A-shares give investors unique access to China's domestic growth stories.

Choosing the Right China Region Mutual Funds

When selecting the best China region mutual funds, consider these factors:

  • Focus: Some funds concentrate on mainland China, while others include broader Asia-Pacific exposure. Decide which aligns best with your investment goals.
  • Past Performance: Evaluate historical returns, especially during market turbulence.
  • Management Expertise: Look for funds managed by teams with deep knowledge of the China region. Local expertise can be a game-changer in navigating regulatory and economic shifts.
  • Risk Tolerance: China region funds can be volatile. Ensure the fund matches your risk appetite and aligns with your long-term goals.
  • Expense Ratios: Lower fees allow you to maximize returns, so compare costs among similar funds.

Pro Tip: Diversify within the region. A fund that invests in multiple industries like technology, health care and manufacturing can reduce risks tied to individual sectors.

Why Should You Invest in China Region Mutual Funds?

Investing in China region mutual funds offers unique opportunities to access high-growth industries, an expanding economy and diversification benefits.

Access to a Growing Economy

China’s economy continues to expand, driven by urbanization, rising consumer spending and government support for key industries. With a GDP growth rate that often outpaces developed economies, investing in this region allows you to tap into sectors like real estate, health care and logistics, which are poised for long-term growth.

Exposure to Emerging Industries

China is a leader in emerging sectors, such as renewable energy, electric vehicles and e-commerce. Companies like Alibaba, BYD and Tencent represent innovation and growth opportunities within these thriving industries. Investing in China region mutual funds exposes you to these high-growth sectors that are shaping the global economy.

Diversification Beyond Developed Markets

For investors heavily focused on the U.S. or Europe, China region mutual funds offer a valuable way to diversify. Emerging markets don’t follow the same economic cycles as developed markets, which can help balance portfolios during downturns in Western economies. This exposure reduces reliance on traditional markets and adds an element of global growth to your investments.

China Region Mutual Funds: Is it Right For You?

China region mutual funds are ideal for investors seeking high growth and diversification but are also prepared to handle the risks of emerging markets. If you’re comfortable navigating regulatory changes and geopolitical tensions, these funds can be a powerful tool for long-term wealth building. 

Capitalize on China’s Growth

Investing in China region mutual funds provides a unique opportunity to access one of the fastest-growing economies in the world. With exposure to emerging industries, diversification beyond developed markets and potential for significant returns, these funds are a smart choice for investors looking to expand their horizons. Be prepared to embrace the volatility and risks that come with emerging markets.

Frequently Asked Questions 

Q

What is the best China mutual fund?

A

Funds like Matthews China Fund (MCHFX) or Fidelity China Region Fund (FHKCX) are highly rated for their strong management and diversified holdings.

 

Q

What is China's big fund?

A

The China Investment Corporation (CIC) is the country’s largest sovereign wealth fund, managing billions in global investments.

 

Q

Why invest in China funds?

A

China funds offer access to high-growth industries, an expanding economy and diversification beyond traditional markets like the U.S. and Europe.