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5 Fire-Breathing China Mutual Funds to Buy

Get big returns in an unfamiliar market with these Asian funds

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Fidelity Advisor China Region Fund

Fidelity mutual funds 401(k)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.

Top holdings in this one include chipmaker Taiwan Semiconductor (TSM), investment holding company AIA Group (AAGIY) and China Construction Bank Corp. (CICHY).

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.

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