China's best-performing capital-protected fund of 2010 so far is a CPPI strategy operated by China Southern Fund Management, according to local press reports. Heng Yuan Preservation grew by 3.4% in the first nine months of the year, putting the product ahead of its more traditionally managed rivals.
Most capital-protected funds in China place a fixed percentage of capital in fixed income, with a small balance (usually 20%) in equities. Heng Yuen also offers additional protection from the China National Investment & Guaranty company for investments of a fixed period.
The fund is up 15.06% in the last 12 months, nearly 8% above its nearest two rivals in China's relatively small protected fund sector.
This product appears on the Chinese database (Continuous products).