China's Growth Opportunities and Offshore Investing
Index
MSCI China
CS1300
Long term valuation is still supportive
Expected Return (%)
35
30
25
20
15
10
5
May-18
Jul-18
Sep-18
Nov-18
Historical Annualized Return
(end Jan 2008 - Jan 2023)
3.0%
Stocks under coverage
Stocks under MSCI China 10/40
JPM China Rep Portfolio
Weighted Average 5-Year
Expected Return
as of Jan 2023
Weighted Average 5-Year
Earnings Growth*
as of Jan 2023
12.8%
16.7%
14.6%
22.5%
12.3%
12.8%
1.6%
JPM China A Rep Portfolio
15.4%
18.6%
Stocks under CS1300
Jan-19
Mar-19
May-19
Jul-19
Sep-19
Nov-19
Jan-20
Mar-20
May-20
Jul-20
Sep-20
Nov-20
Jan-21
Mar-21
May-21
LZ-
MSCI China
CSI 380
Sep-21
Nov-21
Jan-22
Mar-22
May-22
Jul-22
Sep-22
Nov-22
Jan-23
Forecast annual growth rate of earnings per share in local currency over the next five years. Source: Bloomberg. J.P. Morgan Asset Management. Data as of end Jan 2023. Opinions, estimates, forecasts, projections and
statements of financial market trends are based on market conditions at the date of the publication, constitute our judgment and are subject to change without notice. There can be no guarantee they will be met.
16
*View entire presentation