Fidelity Advisor China Region Fund
Stalwart fund family Fidelity is no slouch when it comes to China-focused mutual funds. The company’s Fidelity Advisor China Region Fund (FHKAX) invests in companies from the Mainland China, Hong Kong and Taiwan.
By design, FHKAX invests up to 35% of total assets in any industry that accounts for more than 20% of the Hong Kong, Taiwanese and Chinese market. That means it bets big on the biggest firms in a given sector. Managers use a combination of fundamental analysis particular to a given sector, as well as broad market conditions, to make their stock selections.
Performance of FHKAX has been outstanding, with a 27.2% 12-month return through Aug. 31. That stellar performance comes with at a very low expense ratio of 1.29% as well.