China’s per capita gross domestic product grew nearly 13 times between 1980 and 2010 according to data from the U.S. Department of Agriculture Economic Research Service. It took the United States nearly 150 years to match that progress. Mass industrialization has created new markets for consumer and industrial goods and services, accelerating China’s economic growth. On the doorstep of this vast superpower sits Hong Kong, a world-class financial, marketing and technical center.

We think China’s rise and the Hong Kong marketplace will have profound implications for our global future. Now you can participate in China’s transformation to an industrialized, consumer society, as well as Hong Kong’s continued growth as China’s most sophisticated commercial center. Our China and Hong Kong Fund invests in stocks of companies that are traded on the China or Hong Kong exchanges or that do at least half of their business in China and/or Hong Kong.

China & Hong Kong Fund through 07/31/2014
Avg. Annualized
Total Return
Calendar YTD 1 Year 3 Years 5 Years 10 Years Since
Inception
Monthly through
07/31/2014
2.17% 18.93% -1.52% 4.23% 9.94% 7.57%
Quarterly through
06/30/2014
-1.98% 16.80% -3.29% 6.59% 9.67% 7.38%
Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the Funds may be lower or higher than the performance quoted. Total returns reflect a fee waiver in effect and in the absence of this waiver, the total returns would be lower. Performance data does not reflect the 2% redemption fee for shares held less than 30 days and if deducted the fee would reduce the performance quoted.

Fund holdings and/or sector allocations are subject to change at any time and are not recommendations to buy or sell any security.

FUND HOLDINGS (as of 07/31/2014)
1.Tencent Holdings Ltd. 6.75%
2.Lenovo Group Ltd. 5.41%
3.NetEase Inc. 5.30%
4.CNOOC Ltd. 4.39%
5.Kunlun Energy Co. Ltd. 4.09%
6. Industrial & Commercial Bank of China Ltd. 3.75%
7.China Construction 3.73%
8. PetroCHI Co. Ltd. 3.62%
9.Beijing Enterprises 3.51%
10. AAC Technologies Hld 3.42%
TOP INDUSTRY SECTORS (as of 07/31/2014)
Technology 25.97%
Financials 18.84%
Consumer Discretionary 15.40%
Industrials 14.95%
Energy 14.17%
Materials 2.81%
Other 2.40%
Real Estate 2.38%
Telecom Services 2.03%
Cash 1.05%
GEOGRAPHIC WEIGHT (as of 07/31/2014)
China Play 32.63%
H Share 29.77%
Red Chip 21.81%
Hong Kong 14.73%
Cash 1.05%
Edmund Harriss
Investment Director
Fund Manager

“It may sound like a cliché to refer to the “Asian Miracle” but I believe that the economic growth that has occurred in Asia throughout the last 30 years represents the greatest increase in the human condition for more people than any other event in human history.“

Having managed the Asia Funds for over 14 years both from London and from Hong Kong, Edmund Harriss is dedicated to understanding the agents of change. It’s about making ourselves ready for the new world that is unfolding in front of our eyes. For Edmund there is nothing quite like…

Read more of Edmund Harriss's background >

“It may sound like a cliché to refer to the “Asian Miracle” but I believe that the economic growth that has occurred in Asia throughout the last 30 years represents the greatest increase in the human condition for more people than any other event in human history.“
Edmund Harriss Investment Director, Fund Manager

Having managed the Asia Funds for over 14 years both from London and from Hong Kong, Edmund Harriss is dedicated to understanding the agents of change. It’s about making ourselves ready for the new world that is unfolding in front of our eyes. For Edmund there is nothing quite like studying companies and making the right investment call. He welcomes the sense of responsibility to all the people invested in his funds. He embraces that trust that has been placed in him, relishes the challenge, and enjoys nothing more than to deliver on those hopes.

In the process of translating grand transformational themes into a stock portfolio, Edmund seeks to understand businesses and to forecast a range of outcomes before making a final investment decision.

Trend not to be overlooked: Demographic change. The populations of the developed world are getting older while the developing economies are now the source of new workers. This trend presages a major shift in the balance of economic power in the world.

Edmund's Funds:
Asia Focus Fund >
Asia Pacific Dividend Fund >
China & Hong Kong Fund >
Quick Stats

Joined Guinness Atkinson Asset Management in 2003 and also serves as investment director and board member.

Edmund graduated from Christ Church, University of Oxford, with a Masters degree in Management Studies and has a Bachelors degree in History from the University of York.

He is also an Associate of the Society of Investment Professionals.