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Top five FTSE ST China Index constituents hit average total returns to 24.5% YTD

Sasseur REIT leads the pack with total returns of 34.4%.

Despite sluggish growth in the world’s second largest economy, the five best-performing constituents in the FTSE ST China Index averaged a total return of 24.5% YTD, bringing their one-year and three-year total returns to 11.3% and 47.5%, respectively.

Leading the pack is Sasseur REIT with total returns of 34.4%, followed by Hi-P International at 31.5%, Wilmar International at 22.6%, CapitaLand Retail China Trust at 20.6% and China Aviation Oil at 13.2%.

Overall, the 17 constituents in the index have a combined market capitalisation of more than $40b. The five largest weights amongst them are Wilmar International (50.5%), Yangzijiang Shipbuilding (14.4%), Hutchison Port Holdings Trust (7.9%), CapitaLand Retail China Trust (7.0%) and Yanlord Land Group (5.4%).

The FTSE ST China Index consists of stocks of the FTSE ST All-Share Index that have reported either at least 50% of their revenues from Mainland China, or have at least 50% of their operating assets located in Mainland China.

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