The China stock market had a good run so far this year. Since the start of the year, the Shanghai Composite Index rose 17.1%. In 2013, the index actually declined 6.7%. In 2012, the index managed a small increase of 3.1%. See table below.
|Date||Shanghai Composite||Change (%)|
|1 Jan 2012||2,199.42||NA|
|1 Jan 2013||2,269.13||+ 3.1|
|1 Jan 2014||2,115.98||– 6.7|
|14 Nov 2014||2,478.82||+ 17.1|
See the graph for the index in 2014. The spike in index happened in the second half of this year. For nearly two and half years, the Shanghai Composite index was declining and unexciting for investors.
First State Regional China Fund – S$
I bought units in the above fund between July 2012 to March 2013 at average cost of S$2.0567. Latest market value as at 13 November 2014 shows that the fund had increased 27.6% over the period. I kept faith with this China fund and did not sell out when the China stock market was declining.
|Date||NAV of Fund||Change (%)|
|Jul 2012 to Mar 2013||2.0567||NA|
|31 Dec 2013||2.4639||+ 19.8|
|13 Nov 2014||2.6260||+ 6.5|
Forex rate for Chinese Yuan
Furthermore Chinese Yuan (CNY) for this year has increased 1.29% against Singapore dollar. This spells good news for investors in CNY denominated investment.
|1 Jan 2014||0.2089||NA|
|14 Nov 2014||0.2116||+ 1.29|
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