2020 Performance S&P 500 MSCI World
2020 CSI 300 YTD 31.7% 16.6% 14.9%
13D China Index YTD 58.7%
Throughout 2020, we have been bullish on China, including both Chinese equities and its currency, the RMB. We believed that with strong control over the economy, Beijing could contain the virus spread, thereby enabling the Chinese economy to outperform most other markets. This is exactly what happened. The Chinese economy will be the only major economy to generate positive year-over-year economic growth in 2020.
Year-to-date, the CSI 300 Index (SHSZ300 Index, CNY 4953.9) has delivered a return of 31.7% in dollar terms, beating the S&P 500’s return of 16.6% during the same period, making Chinese stocks one of the world’s top-performing stoc...
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