China Q3 investment update

Roddy Snell on the investment landscape in China, ‘silicon intensity’ and positioning the portfolio to maximise future growth opportunities.

We discuss market volatility, Diploma’s business model and the Strategic Bond Fund.

The Discovery Team reflects on recent performance, portfolio changes and market developments.

The China Fund aims to outperform (after deduction of costs) the MSCI China All Shares Index, as stated in sterling, by at least 2 per cent per annum over rolling five-year periods.

The Worldwide China Fund aims to invest in an actively managed portfolio of Chinese market stocks. We invest on a long-term (5 year) perspective, and have a strong preference for growth. We are looking for significant upside in each stock that we invest in.