HL comment
Our view on this Fund
The fund has struggled as smaller companies have been particularly affected by concerns over rising interest rates in China. Philip Ehrmann continues to focus on areas central to the government's Five Year Plan, such as environmental technology and infrastructure construction. He also favours retail stocks which should benefit from rising incomes.
14-11-2011
Information from the fund manager
Simplified prospectus/Key Investor Information
Document
Please note: The information in this box has been provided by, and is issued by, the fund manager and not Hargreaves Lansdown. Hargreaves Lansdown accepts no liability for the reliability or accuracy of the data provided by third parties.
HL sector comment: China/ Greater China
Our view on this sector
The Greater China region includes the markets of China, Hong Kong and Taiwan. These markets faced a number of challenges during the first six months of 2011, including fears that global growth was slowing, resulting in reduced demand for exports. Furthermore, rising food and commodity prices combined to push inflation higher. Shorter-term concerns aside, we believe the long-term investment case remains intact. China is demonstrating a commitment to rebalancing its economy in favour of domestic consumption, becoming less reliant on exports to the West. Investors could view periods of weakness as a long-term buying opportunity, although these are higher risk markets.
20-07-2011
