China Mutual Fund Best for Third Quarter
China's fundamentals are compelling: A burgeoning middle class continues to increase its consumption as the country expands its infrastructure to meet the needs of its population. China is a good play for the long term, but the explosion in Chinese lending could make this country an especially profitable investment for the next few months.
My flagship newsletter Fidelity Independent Adviser recently named Fidelity China Region Fund (FHKCX) as the "Best Mutual Fund for Third Quarter 2009," reflecting the relative strength I have seen in Chinese investments and my outlook for the latter part of this year.
One factor that makes FHKCX stand out from the pack is fund manager Wilson Wong. Before taking the helm at China Region, Wong ran Fidelity Advisor Korea and headed the Asia ex-Japan group for Fidelity International Small Cap since July 2005.
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