Highlights FP CNGLOV: Investing in High-Quality Chinese Companies Positioned to Benefit from Global Economic Growth
First Plus Asset Management (Thailand) Co., Ltd. (“First Plus Asset Management (Thailand)”) believes that China’s economy is entering a new phase of recovery, supported by government stimulus measures, accommodative monetary policies, and accelerated investment in future-oriented industries. At the same time, the recovery of the global economy and the resurgence of international trade are expected to provide an additional tailwind for Chinese companies with strong global competitiveness.
Although China’s economy has faced challenges in recent years, particularly from the property sector downturn and subdued domestic consumption, the Chinese government continues to promote investment in technology, advanced manufacturing, clean energy, and industrial upgrading to facilitate the country’s transition toward higher-quality and more sustainable economic growth.
Meanwhile, the improving global economic outlook—particularly rising demand for technology products, industrial machinery, electronic components, and clean energy solutions—is creating significant opportunities for many Chinese companies to expand their overseas revenue. As a result, these companies are no longer solely reliant on domestic economic growth but are increasingly benefiting from the recovery of the global economy.
Against this backdrop, First Plus Asset Management (Thailand) believes that First Plus China Global Vision Fund (“FP CNGLOV”) offers a differentiated investment approach compared with conventional China equity funds. The fund primarily invests in high-quality China A-share companies with strong long-term growth potential and generates at least 20% of their revenue from overseas markets, enabling the portfolio to benefit from both China’s economic recovery and the continued expansion of the global economy.
FP CNGLOV focuses on investing in industry-leading companies with strong global competitiveness and diversified international customer bases. The portfolio includes businesses engaged in advanced manufacturing, industrial automation, electronic equipment, electric vehicles (EVs), clean energy, and industries supporting the upgrading of global supply chains—sectors that are expected to deliver sustainable long-term growth.
This investment strategy reduces dependence on domestic consumption alone while increasing exposure to Chinese companies that have successfully expanded into international markets, or what the fund refers to as “China’s Global Champions.” These companies are expected to benefit continuously from both China’s economic recovery and the ongoing expansion of the global economy.
In terms of performance, FP CNGLOV has delivered outstanding returns compared with its peers, reflecting the effectiveness of its stock selection process and portfolio management strategy.
As of 30 June 2026, the fund has generated a cumulative return of 92.36% since its inception, while delivering a 71.01% year-to-date (YTD) return. In comparison, its benchmark, the CSI 300 Total Return Index (CNY), converted into Thai Baht based on the exchange rate applicable on each performance calculation date, returned 34.85% since the fund’s inception and 17.97% YTD.
The fund’s strong performance underscores the investment manager’s ability to identify high-quality China A-share companies with strong growth potential that are well positioned to benefit from the recovery of both the Chinese economy and the global economy.
First Plus Asset Management (Thailand) believes that although the Chinese equity market may remain volatile in the short term, current market valuations remain attractive relative to long-term growth potential. Combined with the ongoing recovery of China’s economy and improving global economic conditions, these factors are expected to support sustainable earnings growth for leading Chinese companies over the long term.
For investors seeking to diversify into the world’s second-largest economy while gaining exposure to globally competitive Chinese companies, FP CNGLOV represents an attractive long-term investment opportunity. The fund is available with a minimum initial investment of THB 1,000.
For more information or to obtain the prospectus, please contact First Plus Asset Management (Thailand) Co., Ltd., any appointed selling agent or unit holder service provider, call +66 (0)2 761 6550, or reach us via LINE Official: @FirstPlusTH.
Disclaimers
Investment involves risks. Investors should carefully study the product features, terms and conditions, performance and risk factors before making investment decisions. Past performance is not indicative of future performance. For investment in the funds with offshore investment exposure and without full hedging of currency risk, investors may experience currency losses or profits or get back less than their initial investment.