JPMorgan, UBS China Funds Bear the Brunt of Stock Market Rout

The year has gotten worse for large China-focused funds managed by the likes of JPMorgan Chase & Co.

The five worst-performing China funds have lost at least 40% this year. Their assets have been decreasing since the end of the year.

The numbers show how international investors are feeling the pain as China's regulatory tightening, Covid restrictions, geopolitical tensions and most recently the leadership shuffle brought waves of selloffs of the nation's securities

There is a wager on China's reopening.

The biggest decline of the Hang Seng China Enterprises Index since the 2008 global financial crisis was triggered by the fear that further government moves would stifle the economy.

The worst-performing major stock index this year has been the gauge of Chinese companies listed on Hong Kong's exchange. There has been a 42% drop in the index.