by Evelyn Cheng for CNBC

“Fidelity’s China Focus Fund is setting up for another year of outperformance, after ranking first last year among China equity funds tracked by Morningstar.

With minimal losses of 0.66% for the year as of Aug. 31, the China Focus Fund has held up far better than the China equity category’s decline of 9.45% during that time, according to Morningstar. Its benchmark China index has lost 3.82% year-to-date.

The China Focus Fund is a “value contrarian strategy,” said Catherine Yeung, a Hong Kong-based investment director focused on equities at Fidelity International.

In contrast to value investing in developed markets that might focus on a sector such as utilities, she said the strategy in China looks for companies that are good businesses – at a good price…”

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