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All China Equity Strategy

A holistic approach that captures the full breadth of the China universe

Tai Chi Robot

Featured insight

Momentum in the Making: the China Opportunity

Explore where we see long-term value in China’s evolving market

Strategy overview

Investment Approach
We seek to combine fundamental research with insights derived from our machine learning alpha model to unlock alpha, while considering sustainability without bias

Investment Opportunity
Diversified allocation to onshore and offshore Chinese equities

Investment Universe
Invests across the full universe of China A shares, B shares, H shares and ADRs

Target Return
Outperform the performance comparison index (net of fees) over a full market cycle

Wenchang Ma
Portfolio Manager
Joanna Yang
Portfolio Manager

The role the strategy can play in portfolios

All-weather core exposure to Chinese equities

Provides core exposure to Chinese equities through a portfolio that maintains a balanced allocation across growth, quality, value, and momentum styles throughout the market cycle.

Access to the best ideas in both onshore and offshore China

Offers investors access to the broadest opportunity set in onshore and offshore equities to maximise exposure to the best ideas, regardless of market listing.

Long-term risk-adjusted alpha profile

Offers potential for consistent excess returns through focus on bottom-up stock selection without taking excessive risk

Diversification

A differentiated alpha footprint that complements passive or style-based exposures, with low correlation to regional equities, enhancing returns and reducing volatility.

Investment Philosophy

01

We believe markets are inefficient due to behavioural biases

02

These inefficiencies generate diverse alpha opportunities across investment styles

03

Combining fundamental insight with quantitative analysis is the optimal way to unlock alpha

Performance

Portfolio & Holdings

Date as of 30/04/2026
Strategy
Index
Information Technology
16.4
Consumer Discretionary
15.5
Financials
15
Industrials
12
Communication Services
10.7
Health Care
8.2
Materials
6.7
Energy
5.3
Real Estate
3.5
Consumer Staples
3.4
Other
1
Cash
2.3
Based on a related portfolio within the strategy with substantially similar objectives, policies and strategies as those of the services being offered. The portfolio may change significantly over a short space of time. This is not a buy, sell or hold recommendation for any particular security. For further information on Indices and Specific Portfolio Names, please reference the sections here.

Why Ninety One for All China Equity Strategy

01

Managed by a specialist team with a long track record of investing in China

02

Underpinned by the consistent and compelling 4Factor investment process developed in 2000

03

Fundamental investors, harnessing technology

Strategy literature

Key facts

  • Asset Subclass

    EM Equity

  • Currency

    USD

  • Inception date

    01/03/2014

  • Team

    4Factor team

  • Geographical Focus

    Emerging Markets

  • ESG Classification

    ESG Integration

  • Comparative Benchmark

    MSCI China All Shares (Net Return) (MSCI All China (Net Return) pre 31/10/2019)

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The content of this website is made available for informational purposes only and should not be construed as an offer, marketing, solicitation or investment advice with respect to any investment products or services. The website has not been reviewed or approved by any regulatory authority and may contain information with respect to investments products that may not be registered in some jurisdictions.

Although we believe any information obtained from external sources to be reliable, we have not independently verified it, and we cannot guarantee its accuracy or completeness (ESG-related data is still at an early stage with considerable variation in estimates and disclosure across companies. Double counting is inherent in all aggregate carbon data).

Any decision to invest in the Strategy described should be made after reviewing the offering document and conducting such investigation as an investor deems necessary and consulting its own legal, accounting and tax advisors in order to make an independent determination of suitability and consequences of such an investment. This material does not purport to be a complete summary of all the risks associated with this Strategy. A description of risks associated with the Strategy can be found in the relevant offering or other disclosure documents where applicable. Copies of such documents are available upon request.

Additional information on our investment strategies not found here (ninetyone.com/-/media/documents/miscellaneous/91-further-information-en.pdf) may be provided on request.

For more information on our Ninety One ESG Classification, please click here