Core Viewpoint - The article highlights the collaboration between Wind and the Hong Kong China Asset Management Association (HKCAMA) to provide transparent and accurate information on Hong Kong offshore Chinese public funds, which has garnered significant attention from mainland investors and media [1]. Fund Performance Rankings Equity Funds - **Five-Year Ordinary Equity Fund Performance**: The top-performing fund is the Bank of China Hong Kong Global Equity Fund A-USD with a return of 80.23%, followed by the Fuguo China Small Cap Growth Fund 1-USD with 62.26% [3]. - **Three-Year Ordinary Equity Fund Performance**: The Bank of China Hong Kong Global Equity Fund A-USD leads with a return of 55.47%, while the Bank of China Hong Kong Japan Equity Fund A-USD follows with 47.82% [5]. - **One-Year Ordinary Equity Fund Performance**: Specific data for this category is not provided in the document [6]. Passive Index Funds - **Five-Year Passive Index Fund Performance**: The Bank of China Prudential North America Index Fund A-HKD has the highest return at 111.97%, closely followed by the Bank of China Prudential S&P 500 US Index Fund A-HKD with 111.75% [10]. - **Three-Year Passive Index Fund Performance**: The Bank of China Prudential North America Index Fund A-HKD again leads with a return of 69.61% [11]. - **One-Year Passive Index Fund Performance**: The Bank of China Prudential European Index Fund A-HKD has a return of 19.66% [12]. Bond Funds - **Five-Year Bond Fund Performance**: The top performer is the Taikang Kaitai Overseas Short-Term Bond Fund I-USD with a return of 28.32% [14]. - **Three-Year Bond Fund Performance**: The Haitong Asia Total Return Bond Fund H-USD leads with a return of 81.42% [16]. - **One-Year Bond Fund Performance**: The Haitong Asia Total Return Bond Fund H-USD also leads with a return of 68.57% [18]. Mixed Funds - **Five-Year Mixed Fund Performance**: The Bank of China Hong Kong All-Weather Global Investment Fund A1-USD has a return of 59.39% [20]. - **Three-Year Mixed Fund Performance**: The Bank of China Hong Kong All-Weather Global Investment Fund A1-USD leads with a return of 82.84% [21]. - **One-Year Mixed Fund Performance**: The Bank of China Hong Kong Hong Kong Income Fund A-HKD has a return of 25.79% [22]. Money Market Funds (USD) - **Five-Year Money Market Fund Performance**: The top performer is the Dachen Money Market Fund M-USD with a return of 17.02% [24]. - **Three-Year Money Market Fund Performance**: The Taikang Kaitai USD Money Fund M-USD has a return of 16.42% [25]. - **One-Year Money Market Fund Performance**: The Taikang Kaitai USD Money Fund M-USD leads with a return of 5.14% [27]. Money Market Funds (HKD) - **Five-Year Money Market Fund Performance**: The Huaxia Selected Money Fund I-HKD has a return of 13.01% [29]. - **Three-Year Money Market Fund Performance**: The Taikang Kaitai HKD Money Fund M-HKD leads with a return of 13.24% [31]. - **One-Year Money Market Fund Performance**: The Ping An HKD Money Fund I-HKD has a return of 4.03% [33]. Greater China Funds - **Five-Year Greater China Equity Fund Performance**: The Fuguo China Small Cap Growth Fund 1-USD has a return of 62.26% [35]. - **Three-Year Greater China Equity Fund Performance**: The Bank of China Prudential China Value Fund A-HKD has a return of 36.94% [36]. - **One-Year Greater China Equity Fund Performance**: Specific data for this category is not provided in the document [37]. ETF Performance - **Five-Year ETF Average Daily Trading Volume**: The top ETF is the Huaxia CSI 300 Index ETF with an average daily trading volume of 240.44 million HKD [67]. - **Three-Year ETF Average Daily Trading Volume**: The Southbound East Asia Hang Seng Technology Index ETF leads with an average daily trading volume of 2810.51 million HKD [68]. - **One-Year ETF Average Daily Trading Volume**: The Southbound East Asia Hang Seng Technology Index ETF also leads with an average daily trading volume of 4723.74 million HKD [70]. Leveraged and Inverse Products - **Five-Year Leveraged and Inverse Products Average Daily Trading Volume**: The Southbound East Asia Hang Seng Index Daily Inverse (-2x) Product leads with an average daily trading volume of 436.13 million HKD [79]. - **Three-Year Leveraged and Inverse Products Average Daily Trading Volume**: The Southbound East Asia Hang Seng Technology Index Daily Leveraged (2x) Product leads with an average daily trading volume of 1095.63 million HKD [80]. - **One-Year Leveraged and Inverse Products Average Daily Trading Volume**: The Southbound East Asia Hang Seng Technology Index Daily Leveraged (2x) Product leads with an average daily trading volume of 1583.07 million HKD [81].

Core Viewpoint - The article highlights the collaboration between Wind and the Hong Kong China Asset Management Association (HKCAMA) to provide transparent and accurate performance data for offshore Chinese public funds, which has garnered significant attention from mainland investors and media [1]. Fund Performance Rankings Equity Funds - **Five-Year Performance**: The top-performing equity fund is the Bank of China Hong Kong Global Equity Fund A-USD with a return of 92.00%, followed by the Fuguo China Small Cap Growth Fund 1-USD with 79.83% [2]. - **Three-Year Performance**: The Bank of China Hong Kong Value Fund A-HKD has a return of 26.51%, ranking first [3]. - **One-Year Performance**: The Ruiyuan China Equity Fund I-HKD leads with a return of 63.59% [4]. Passive Index Funds - **Five-Year Performance**: The Bank of China Hong Kong North America Index Fund A-HKD has the highest return at 128.99% [5]. - **Three-Year Performance**: The Bank of China Hong Kong S&P 500 Index Fund A-HKD has a return of 26.53% [6]. - **One-Year Performance**: The Bank of China Hong Kong Asia Pacific (excluding Japan) Index Fund A-HKD leads with a return of 9.07% [7]. Bond Funds - **Five-Year Performance**: The Huaxia Selected Asian Bond Fund I-USD has a return of 36.21% [8]. - **Three-Year Performance**: The Taikang Kaitai Overseas Short-Term Bond Fund I-USD has a return of 28.23% [9]. - **One-Year Performance**: The Huaxia Selected Asian Bond Fund I-USD leads with a return of 12.03% [10]. Mixed Funds - **Five-Year Performance**: The Bank of China Hong Kong All-Weather Global Investment Fund A1-USD has a return of 61.95% [11]. - **Three-Year Performance**: The Bank of China Hong Kong All-Weather Global Investment Fund A1-USD leads with a return of 41.35% [12]. - **One-Year Performance**: The Bank of China Hong Kong Hong Kong Income Fund A-HKD has a return of 30.43% [12]. Money Market Funds (USD) - **Five-Year Performance**: The Dacheng Money Market Fund M-USD has a return of 16.25% [14]. - **Three-Year Performance**: The Ping An Money Fund I-USD has a return of 14.96% [16]. - **One-Year Performance**: The Taikang Kaitai USD Money Fund M-USD has a return of 5.43% [17]. Money Market Funds (HKD) - **Five-Year Performance**: The E Fund (Hong Kong) HKD Money Market Fund I-HKD has a return of 12.93% [19]. - **Three-Year Performance**: The Taikang Kaitai HKD Money Fund M-HKD has a return of 12.75% [21]. - **One-Year Performance**: The Taikang Kaitai HKD Money Fund M-HKD has a return of 4.51% [22]. Greater China Funds - **Five-Year Performance**: The Fuguo China Small Cap Growth Fund 1-USD has a return of 79.83% [24]. - **Three-Year Performance**: The Bank of China Hong Kong Value Fund A-HKD has a return of 26.51% [27]. - **One-Year Performance**: The Bank of China Hong Kong Hong Kong Income Fund A-HKD has a return of 30.43% [12]. Overseas Market Funds - **Five-Year Performance**: The Bank of China Hong Kong North America Index Fund A-HKD has a return of 128.99% [31]. - **Three-Year Performance**: The Bank of China Hong Kong S&P 500 Index Fund A-HKD has a return of 26.53% [33]. - **One-Year Performance**: The Huaxia China Opportunity Fund A-USD has a return of 37.71% [35]. ETF and Leveraged Products - **ETF Daily Average Trading Volume (Five-Year)**: The Huaxia CSI 300 Index ETF leads with an average daily trading volume of 256.79 million HKD [43]. - **Leveraged Products Daily Average Trading Volume (Five-Year)**: The Southbound East Asia Hang Seng Index Daily Inverse (-2x) Product leads with an average daily trading volume of 478.50 million HKD [51].

Group 1: China Market Focus - The report highlights the importance of policy packages in stabilizing market expectations amid trade tensions, with a focus on stocks like Sungrow Power and Heng Rui Pharmaceutical [9][15][22] - The report emphasizes the potential for growth in the energy storage system (ESS) sector, particularly for Sungrow Power, due to increasing demand for grid upgrades in Europe [23] - Heng Rui Pharmaceutical is noted for its strong innovation capabilities, with expectations for record revenue and profit in 2024, driven by a significant share of innovative drug sales [23] Group 2: Japan Market Focus - The report indicates that Japan's economic growth is being hampered by trade wars, with a focus on stable high-dividend stocks [30][32] - The anticipated performance of high-dividend stocks such as KDDI and MS&AD Insurance is highlighted, as they are expected to continue to perform well despite economic uncertainties [41] - The report mentions that if Japan cannot secure tariff reductions from the U.S., it may face significant political risks [41] Group 3: Australia Market Focus - The report discusses the Labor Party's significant election victory and its historical correlation with strong performance in the energy and materials sectors [46][50] - Northern Star and Lynas Rare Earths are identified as key stocks that may benefit from increased demand for resources, particularly in the context of global shifts away from reliance on Chinese supply [56] - The report notes that historically, the Australian stock market has seen an average increase of 7.5% in the year following a Labor victory, with energy and materials sectors performing particularly well [56]

Group 1: A-Share Market Focus - The impact of tariffs on PMI is gradually becoming evident, with manufacturing PMI for March showing a slight recovery but remaining below the five-year average, indicating a decline in manufacturing sentiment [12][15][16] - The government is expected to introduce policies to counteract economic slowdown pressures, with significant fiscal tools planned for implementation [16] - Key stocks to watch include ShouLiu Hotel and China Telecom, with the former expected to open 1,500 new hotels in 2025 and the latter anticipating steady growth in revenue and dividends [20][23] Group 2: US Market Focus - The US market is experiencing volatility due to Trump's policies, with tariffs expected to continue impacting stock performance, particularly in semiconductor companies like Broadcom and Analog Devices [35][39][47] - The Federal Reserve is likely to maintain a passive approach, with expectations of limited rate cuts in the near term, despite inflation concerns [40][42] - The SPDR Utilities Select Sector ETF is highlighted as a stable investment option amid market uncertainties, benefiting from high dividend yields [50] Group 3: Thai Market Focus - The Thai central bank is expected to lower interest rates by 25 basis points, influenced by declining energy prices and lower inflation forecasts [66][68] - Key stocks in the Thai market include CP All, which is projected to see a 14% increase in net profit in Q1 2025, and Osotspa, which aims to regain market share in the energy drink sector [74][75] - The overall economic outlook for Thailand is cautiously optimistic, with potential benefits from lower oil prices and anticipated interest rate cuts [71][72]