[2020 Asia Fund Awards] China Dream 2 Achieves 59.4% Over 3 Years, 'All-China Strategy' Continues

Changgu Lee, CEO of Shinhan BNP Paribas Asset Management

[Asia Economy Reporter Minji Lee] Shinhan BNP Paribas Asset Management was selected as the best asset manager in the overseas equity (active) category. Shinhan BNP Paribas Asset Management demonstrated its strength as a leader in overseas equity funds by raising over 700 billion KRW through its China equity funds.

The ‘Shinhan BNP Paribas China Dream 2’ fund, launched by Shinhan BNP Paribas Asset Management, recorded a 35.98% return over one year as of the end of last year. Over three years, it achieved a 59.41% return, outperforming its benchmark, the Morgan Stanley Capital International (MSCI) China Index, which returned 12.58% over the same period. The fund employs an All China strategy investing in Chinese stocks listed in Hong Kong and the United States, as well as some stocks from mainland China and Taiwan.

This fund delivered stable performance even during the 2018 downturn in the Chinese stock market. Increasing its weighting in consumer goods and IT sectors, and selectively investing in financial and communication sectors, contributed positively to its results.

The ‘Shinhan BNP Paribas China Mainland 1’ fund, structured with a mainland China fund strategy, also showed strong returns. It achieved a 37.33% return over one year, outperforming its benchmark, the CSI300 Index. This fund focuses its investments intensively on stocks expected to demonstrate superior performance within China.

A representative from Shinhan BNP Paribas Asset Management stated, “We focus on delivering long-term stable performance based on consistent management principles and philosophy,” adding, “Our local management teams based in Hong Kong and Shanghai select investment stocks through more than 300 company visits per person annually.”

This content was produced with the assistance of AI translation services.