Just as the “American Dream” inspired millions to strive for wealth with the belief that anyone can live the dream by working hard, I believe that China’s emergence as a supplier to the world is creating a similar situation. Its not hard to imagine that in a society built on work ethic, growing confidence about China’s place in the world today is spurring on a desire to succeed through hard work.

The remarkable economic boom we have seen as a result of China’s loosening of economic policies has inadvertently resulted in prosperity for China’s population.

All sectors are benefiting from this growth in consumer spending, from those who manufacture goods, to the retailers who sell them and those marketing their products.

We believe that one of the best ways of capturing China’s extraordinary growth potential is through the Challenger China Fund which is managed by Halbis, a specialist investment business within the HSBC group.

FUND PERFORMANCE

The fund is actively managed and is run by, Richard Wong Investment Director and Head of Halbis’s China Investment Team.

Richard’s aim for the fund is to exploit mispriced stocks where the market has overreacted to temporary or short-term events. He believes that due to the high volatility and lack of publicly available data (relative to major stockmarkets), Halbis’ on the ground in-house research and analysis gives them a ‘research edge’ allowing them to take advantage of short term ‘mispricing’.