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Top Trumps: Greater China equities – 21 May 2026

This week FSA provides a quick comparison of two Greater China equity funds: the Eastspring Inv Greater China Equity fund and the Value Partners Classic fund.

Source: FE Fundinfo. All relevant fund data converted to US dollars for comparative purposes. Performance, alpha and volatility are annualised over three years with data as reported at the end of last month. Information ratio (IR) aims to measure a portfolio manager’s consistent ability to generate excess returns relative to a benchmark. The higher the IR, the more consistent the manager is.

Based on the popular 80s card game, each week we select an asset class and use FE fundinfo data to compare two funds based on their three-year performance, assets under management, alpha, volatility, ongoing charges and information ratio to decide which is the Top Trump.

This week, the Value Partners Classic fund defeats the Eastspring Inv Greater China Equity fund: 4-2

Eastspring Inv Greater China Equity fund

The fund aims to maximize long-term total return by investing in equity and equity-related securities of companies, which are incorporated, or have their area of primary activity, in the PRC, Hong Kong SAR and Taiwan. The fund may also invest in depository receipts including ADRs and GDRs, debt securities convertible into common shares, preference shares, participatory notes and warrants.

Top 10 holdings:

  1. TSMC
  2. Delta Electronics
  3. Elite Material
  4. Tencent
  5. Alibaba
  6. Unimicron
  7. ASE Technology
  8. Asia Vital Compnents
  9. Accton Technology
  10. Jentech Precision Industrial

Value Partners Classic fund

The fund aims to achieve consistent superior returns through an investment discipline that places emphasis on the fundamental value of potential investments, which the manager believes are being traded at deep discounts to their intrinsic values. The fund
will concentrate on investing in the markets of the Asia Pacific region (particularly in Greater China region) but without fixed geographical, sectoral or industry weightings.

Top 10 holdings:

  1. TSMC
  2. Tencent
  3. Zijin Mining
  4. Alibaba
  5. Elite Material
  6. Contemporary Amperex Technology
  7. China Merchants Bank
  8. SIIC Environment Holdings
  9. Kweichow Moutai
  10. China Mobile

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