China equities: casting far and wide for growth opportunities
We see a broad set of opportunities in China’s onshore and offshore equities as the economy returns to normality.
Below shows the Important Information of JPMorgan China A-Share Opportunities Fund, JPMorgan China Pioneer A-Share Fund, JPMorgan Funds – China Fund, JPMorgan Funds – Greater China Fund, JPMorgan China Income Fund, JPMorgan Funds – China Bond Opportunities Fund, please press the down arrow button next to respective fund name to view full details.
JPMORGAN CHINA A-SHARE OPPORTUNITIES FUND
JPMORGAN CHINA PIONEER A-SHARE FUND
JPMORGAN FUNDS - CHINA FUND
JPMORGAN FUNDS - GREATER CHINA FUND
JPMORGAN CHINA INCOME FUND
JPMORGAN FUNDS – CHINA BOND OPPORTUNITIES FUND
Drawing on a century of experience to go from strength to strength in China
J.P. Morgan has a legacy in China’s financial services industry. Our history in China began in 1921, with the opening of an office by one of our predecessor firms in Shanghai. That laid the foundation of a century of investments, insights and on-the-ground research.
J.P. Morgan Asset Management has established unrivalled investment capabilities for both equities and fixed income. Equity strategies are formulated through disciplined fundamental research coupled with bottom-up selection, whereas fixed income selection benefits from a structured framework to incorporate a global view, market analysis and fundamental research.
Greater China Team, Emerging Markets & Asia Pacific (EMAP) Equities
Asian Fixed Income Team, Global Fixed Income, Currency & Commodities (GFICC)
Located in Hong Kong, Shanghai and Taipei
Cultivating collaborative partnerships with local experts in China through the sharing of knowledge and insights
Technology in everyday life
Technological development is broadening in China with artificial intelligence and cloud computing becoming a part of everyday life. Amid geopolitical uncertainty and facing a decoupling risk with the US, China’s tech industry is embracing an inward economic pivot, looking to reduce its reliance on imported software and hardware.
Rising healthcare demand
The global health crisis has increased demand for healthcare services and products, including healthcare infrastructure, preventive treatment and vaccine development. China’s healthcare industry covers a considerable number of sectors, and spending on such services could continue to grow.
As household income increases and the standard of living improves in China, its middle class is increasingly focused on lifestyle upgrades in both daily necessities and entertainment. Alongside supportive domestic policies, consumption is expected to become a key driver of economic growth.
Compelling dividend opportunities
With yields across the curve under pressure in an environment of low or even zero interest rates, it has become more challenging for global investors to find income. In terms of dividend level, China H-Shares look more attractive than those in other markets, offering greater income potential. Within China, sectors including financials, industrials, renewable energy and materials exhibit higher yield and robust earnings growth, offering a potential income foundation.
Dividend level across different regions
Bond yield potential looking appealing
China bonds also offer vast income potential. With developed market government bonds at low or negative levels, China bonds denominated in USD (credit) and CNY (government) may offer yield opportunities more appealing to foreign investors.
Government bond yields across different regions
Yield to Maturity of Asian USD credit
Potential diversification benefits
Different segments of China bonds come with distinct characteristics. The onshore market is an enormous segment not to be overlooked, but is skewed to government and government-related issuers. Relatively small in size, offshore bond markets have seen issuers of higher quality in general. When compared with those in Emerging Markets, onshore China bonds exhibit a lower correlation with global aggregate and developed market bonds, while offering relatively attractive risk-adjusted returns.
Relatively low correlation between China and global aggregate bonds
Casting far and wide to capture the growth and income advantages onshore and offshore
Please click fund details for more information, including important information