Jpmorgan Chinese Investm... Share Discussion Threads

[grippa] 20/4/2006 12:00

Absolutely a longterm buy!

[igoe104] 20/4/2006 09:48

i think this fund will keep going up. thats why i have these in a long term isa.

[grippa] 19/4/2006 17:14

90p crossed!! Good new closing high.

[igoe104] 19/4/2006 08:23

share price has gone up over 50% in the last year, what you moaning about captain.

[grippa] 18/4/2006 11:01

Should hopefully take out 90p sometime soon?!?!?!

[captain swing] 09/2/2006 20:28

I think it is a rather stuffy Fleming trust which originally focused on the old line Hong Kong stocks e.g. Swire... last owned it about 10 years ago, gave up when nothing much happened with the B shares... just have this feeling its time may have come. I had better do some proper research now (haven't bought any just yet)

[oxford blue] 09/2/2006 14:46

Thamks; I'm a new joiner to this stock. It seems a very sluggish performer - compared to, say, the Gartmore China Opps Fund. Any idea why?

[captain swing] 09/2/2006 13:52

More on the various categories of China shares, sounds fairly bullish; from Sunday Times

[mangal] 30/1/2006 23:25

Thanks merkth for the info.
Yes, there are lots of China funds but I am interested in those which are specifically invested in "A" shares. "A" shares have performed very poorly over the last few yrs & may now come good because ,I gather, the restrictions relating to foreign holdings are being relaxed.

[markth] 30/1/2006 19:19

Barings have an IT (Greater China Growth) but it's priced in dollars, probably trades on NYSE. You can buy it in the UK direct from Barings though, I have some I bought a few years ago.

If buying UTs there's a lot more choice, although I am not sure which are focussed on A shares. Many are mostly using H-K shares as a proxy for China.

Gartmore China Opps
First State Greater China Growth
INVESCO Hong Kong / China

Those are the ones I know of, there may be more.

[mangal] 30/1/2006 16:23

Does anyone know of any ITs or UTs that have a large proportion of their porfolio in China "A" shares?

[grippa] 30/1/2006 15:44

Closing in on 90p!!!

[nerja] 13/1/2006 09:10

Its in our best interest the way the fund manager is selling the stock when it is at a premium, they buy back when the nav is at a large discount , therefore IMO the holders are getting an added bonus of steadier control of the price when over bought or over sold.

[rabain] 13/1/2006 09:06

I've held JMC for some time now and although I am sitting on a decent return I haven't always been impressed with some of the decisions made, particularly with geographic spread, also given the recent rapid rise in the China B index I had hoped for a better rise in NAV than we have had over the last week or two. However I am happy to hold for the time being. I tend to hold fairly long term so I am thinking that if the trust grows I will benefit eventually.

[aldasoa] 13/1/2006 08:29

Rabain, I agree that this habit of the fund manager is to grow the trust. Does anyone think this is to our benefit? I can see that it benefits the fund manager as they make more in commission.

[rabain] 13/1/2006 08:22

I presume that when the share price is at a premium to NAV selling new shares is a way to raise money and grow the trust. but wdik

[aldasoa] 12/1/2006 20:15

Does anybody understand the logic of issuing more shares? Today saw another batch issued at 82p. This has been a regular feature since I bought into the stock 4 months ago. Wouldn't it be better for all of us, if the `market participant' bought shares in the market like the rest of us plebs?

[grippa] 12/1/2006 11:36

Mark...Great to see 80p behind us for now...can we see 90p before too long?

[markth] 12/1/2006 09:42

80p in the rear view mirror at last. Let's hope the Chinese stock market reforms at the end of this month keep kicking it up.

[markth] 11/1/2006 09:41

Meantime political intervention has seen Taiwan's market underperform last year. They really ought to embrace China (in the economic sense) in order to let their local indutries become more competitive on labour costs. Restricting the amount they can invest in China for political reasons is holding them back.

[markth] 11/1/2006 09:37

Still trying to struggle over 80p. Although Japan (and some other Asian markets) took a dip last couple of days this has been amazingly resilient.

There is a most interesting piece in the China Daily which explains the plans to open up the stock market to foreign investors. If you look at what has happened on the Indian Market due to large cash inflows from overseas this can only be good for those who hold this trust. Anything which improves liquidity and strengthens corporate governance in an "emerging" market gets my vote. Here's the link.

[grippa] 06/1/2006 11:57

tks again for the news mark.

[markth] 06/1/2006 09:05

More news from the BBC.

China growth set to beat forecast

China's economic growth has boosted disposable wealth
China's economy grew an estimated 9.8% in 2005, much faster than expected, according to a senior Chinese official.
Ou Xingqian, a senior member of the National Development and Reform Commission, made the remarks at a meeting of the economic planning body.

The comments, although not official confirmation of the growth rate, are the first indication of the figure.

If confirmed, it means China's economy grew faster in the previous year than in 2003 and 2004.

It would also prove that the government's efforts to cool down sectors of the economy in danger of overheating have proved largely unsuccessful.

Government action

Growth in state-controlled industries, such as construction, which have largely driven China's economic boom, are being increasingly controlled by the authorities.

However, much of the recent expansion in the Chinese economy has come from the private sector in areas such as services and banking.

Previous forecasts have suggested China's economy would grow 9.4% in 2005, in line with the 9.5% growth seen in both 2003 and 2004.

Chinese output totalled 15.9 trillion yuan ($1.9 trillion) in 2004, 18% higher than was first estimated.

Official estimates for 2005 growth will be published later this month.

[markth] 05/1/2006 06:39

Jeez the currency traders will be buying yuans as fast as they can, even 0.3% a day is good money for them if it's one-way traffic.

This from the Washington Post.

Yuan Rises to New High Vs Dollar

The Associated Press
Wednesday, January 4, 2006; 4:37 AM

SHANGHAI, China -- China's currency rose to its highest level against the dollar on Wednesday after the central bank began allowing banks a greater role in setting the yuan's value.

In the spot market, the yuan ended at 8.0676 to the dollar after earlier reaching 8.0675, its strongest since the yuan was revalued at 8.11 in July. Since then, the Chinese currency has gained about 0.5 percent against the dollar.


The People's Bank of China, the country's central bank, began a new policy Wednesday of calculating the yuan's value against the dollar using a weighted average of the prices given by major banks. The highest and lowest offers are excluded from the calculation, the central bank said in a statement issued Tuesday.

The new system allows spot market participants to make bilateral currency trades on credit in addition to the automatic price-matching system currently in place, the central bank said.

Giving banks a role in setting the new daily benchmark, called the central parity rate, is seen as a sign the central bank is willing to allow market forces a greater role in daily trading. The rate posted Wednesday morning for the dollar was 8.0702 yuan, dealers said.

The newly calculated yuan benchmark central parity rates versus the U.S. dollar, euro, yen, and Hong Kong dollar are published each trading day at 0115 GMT, or 8:15 p.m EST.

According to rules set at its July 21 revaluation, the yuan can only to trade in a band of 0.3 percent above and below its opening level against the dollar and 3 percent versus other currencies.

Throughout the morning, the yuan traded between 8.0681 and 8.0709 to the dollar. That's less than 0.1 percent, but a relatively broad range compared to its usual fluctuation.

The yuan closed at 8.0702 yuan on Dec. 30, the last day of trading before the New Year's holidays.

In other spot trading pairs, the Hong Kong dollar ended down at 1.0402 yuan from 1.0403 yuan; the yen rose to 6.9535 yuan per 100 yen from 6.8716 yuan; and the euro rose to 9.7313 yuan from 9.5797 yuan.