The recent unleashing of Chinese monetary stimulus has done huge favours for a stock market that has proved pretty dicey in recent years, and the knock-on effect for funds is pretty apparent.
To take a name from our Top 50 ETFs list, the Franklin FTSE China ETF (FRCH) is up by nearly a quarter for 2024 so far, despite having in recent days given up some of the huge gains made on the news of the stimulus in early October. Elsewhere, a popular China play that has struggled in recent years, the KraneShares CSI China Internet ETF (KWBP), is up by even more.
Investors taking a broader form of exposure via the likes of the iShares Core MSCI Emerging Markets IMI ETF (EMIM) have also felt the benefits, making a return of 12.3 per cent in sterling terms.