EI Sturdza’s Lilian Co on China’s New Economy

Lilian Co, portfolio manager for EI Sturdza’s Strategic China Panda Fund explains why China’s 'New Economy', a term she uses to describe the region’s growing technology, healthcare and education sectors, is likely to lead the region to sustained economic growth over the long term.

She goes on to talk about the impact of recent market reforms and how this has boosted corporate profitability. 

About Lilian Co

Lilian Co has over 20 years’ experience investing in Chinese and Asian equities. After a successful fund management career with Baring Asset Management, Lilian now continues her award-winning investment style with E.I. Sturdza Strategic Management Limited and the Strategic China Panda Fund. Lilian is a Chartered Financial Analyst (CFA), and holds a Bachelors of Commerce degree from the University of Alberta (Canada) and an MBA from the University of Nottingham (UK). Lilian is based in Hong Kong.

About the EI Sturdza Strategic China Panda Fund

The objective of the Fund is to achieve long-term capital appreciation in the value of the assets by investing in China-related securities listed in, but not limited to the Greater China region.

Key Points: Access to the Chinese growth story through one of the leading Portfolio Managers in the region. Stock selection and net exposure are adjusted to take advantage of an insider’s view of the Chinese business cycle. Invested predominantly in China stocks listed in major markets like HK, China (A/B shares) and U.S. (ADRs), offering investors greater liquidity and transparency over other forms of investments in China.




Further insights

January 2018

Outlook for 2018 remains positive

2017 was a good year for the Fund, both in terms of absolute and relative performance. The Fund was up +3.02% in December and +22.80% for the year on an absolute basis, outperforming its benchmark by +12.22% during 2017. Since inception, the Fund has returned +38.44% (+13.02% annualised) to its investors compared to +6.76% (+2.49% annualised) for the Fund’s benchmark index, translating into a 31.68% outperformance over 32 months (+10.53% on an annualised basis...
January 2018

Central banks behaviour will be led by inflation, not growth

In December, US economic data were mixed, with a very strong housing sector and unemployment figures on the one hand, and lower consumer confidence (with the University of Michigan Consumer Sentiment Index decreasing from 98.5 to 95.9) on the other hand. Inflation is still stable as wage growth remains subdued (+2.5% YoY 2017), despite a very low unemployment rate (4.1%). The CPI increased by +0.4% MoM in November, with the core CPI (ex-food & energy) however only rising...