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Newsletter commentary Oct 2022
In October, our portfolio underperformed. A notable drop was from Chinese equities listed overseas. Despite the CSI small cap 500 and CSI 1000 indexes rose 1.6% and 2.7% respectively, the SSE 50, the CSI 300, the Hang Seng China Enterprise Index, and KWEB lost 12.0%, 7.8%, 16.5%, and 22.1%. The market performance reflected that foreign investors have concerns over Chinese assets but interest in industries that will receive policy support in the future.
2022 - 11 - 04 -
Newsletter commentary Sep 2022丨Patience is a Rare Virtue
In September, taking the desperate stickiness of overseas inflation, worries about the escalation of the conflict between Russia and Ukraine, and the deep correction in China stock markets due to the lack of a strong economic recovery, our portfolio's NAV had a decent performance this month followed by a noticeable drop.
2022 - 10 - 04 -
Newsletter commentary Aug 2022
In August, A-shares were still dragged by real estate and credit data headwinds, and the overall market was relatively weak. In overseas, U.S stocks faced the end of the rebound brought about by the change of market expectations against a persistent high inflation. Inflation is still not low, showing a strong resilience, while the Fed will keep charging ahead to tamp down inflation, didn’t leave room for the market to continue to interpret itself, and the market re-trades the pressure of inflation.
2022 - 09 - 01 -
Newsletter commentary July 2022
In July, A-shares and Hong Kong stocks fell notably.
2022 - 08 - 01 -
Newsletter commentary June 2022
In June, the market rose steadily, with no obvious adjustment, completely recovering the decline caused by the epidemic. In fact, in the first half of the year, China-related stocks have had the smallest decline amongst major global markets. We continue to maintain a positive investment approach.
2022 - 07 - 01 -
Newsletter commentary May 2022
In May, the market generally rebounded following the oversold at the end of April.
2022 - 06 - 01 -
Newsletter commentary Apr 2022
Fear and Anger: Contagious and Self-magnifying Diseases
2022 - 05 - 01 -
Newsletter commentary Mar 2022
The market fell sharply in March with the major indexes largely fluctuated by more than 10%. The China Concepts Stocks and the Hong Kong market were also extremely volatile.
2022 - 04 - 01
