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 07/31/2017
Avg. Annualized
Total Return
Calendar YTD 1 Year 3 Years 5 Years 10 Years Since
Inception
Monthly through
07/31/2017
29.28% 32.49% 5.68% 8.20% 2.53% 7.32%
Quarterly through
06/30/2017
23.73% 33.40% 5.59% 6.41% 2.95% 7.15%
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.
CHINA & HONG KONG FUND HOLDINGS (as of 07/31/2017)
1.Ping An Insurance Group Co of China Ltd - H Shares 3.55%
2.Galaxy Entertainment Group Ltd 3.51%
3.China Merchants Bank Co Ltd - H Shares 3.49%
4.Weichai Power Co Ltd - H Shares 3.42%
5.Industrial & Commercial Bank of China Ltd - H Shares 3.39%
6.Hollysys Automation Technologies Ltd 3.30%
7.China Overseas Land & Investments Ltd 3.26%
8.PICC Property & Casualty Co Ltd - H Shares 3.25%
9.China Mobile Ltd 3.21%
10.Tencent Holdings Ltd 3.20%
TOP INDUSTRY SECTORS (as of 07/31/2017)
Commercial Banks 12.98%
Electronic Component - Miscellaneous 5.97%
Insurance 3.55%
Casino Hotels 3.51%
Auto/Truck Parts & Equipment 3.42%
Industrial Automation 3.30%
Real Estate Operations/Development 3.26%
Property/Casualty Insurance 3.25%
Cellular Telecommunications 3.21%
Internet Application Software 3.20%
GEOGRAPHIC WEIGHT (as of 07/31/2017)
China 76.22%
Hong Kong 20.09%
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 Builder 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.