Best-performing China fund in US bets on new-economy stocks

New York

THE No 1 US fund with exposure to Chinese stocks is making a big bet on the country's transition to a new economy, boosting holdings of consumer and technology companies.

The Invesco Greater China Equity Fund, which has a total return of 1.54 per cent this year through June 16, was the best performer among 47 US-listed global funds tracked by Bloomberg with at least a 25 per cent exposure to China.