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China’s efforts to stabilise its struggling stock market make it a good time to review investment trusts that invest in the country and in the Asia-Pacific region more broadly.
Questor investment trust bargain: Pacific Horizon’s manager can now give the trust his full attention and the 12pc discount is attractive
Vietnam is among the best growth stories of the coming decades in Asia, says Baillie Gifford Pacific Horizon trust manager Roddy Snell.
© Alamy The three investment trusts specialising in China were among the 20 best-performing trusts in the whole market last year. And if you believe the managers, there is much more to go for. JPM China Growth & Income Trust (LSE: JCGI) returned 96%, Fidelity China Special Situations (LSE: FCSS) 69% and Baillie Gifford China Growth (LSE: BGCG) 56%, although it only switched to Baillie Gifford in September, having previously been called Witan Pacific. FCSS shares trade at net asset value (NAV), but the other two at a premium. Roddy Snell, co-manager of BGCG, points out that “China accou...