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The China CleanTech Index underperformed on half of its four benchmarks last month, reporting a 10.3% loss. These results were driven by losses across all Chinese stocks, caused by the volatile Shanghai stock exchange.
The China CleanTech Index underperformed on half of its four benchmarks last month, reporting a 10.3% loss. These results were driven by losses across all Chinese stocks, caused by the volatile Shanghai stock exchange.
According to a press release:
The best performing sub-indices for the month were the China Hydro Index with a 7.1% loss and the China Solar Index with an 8.5% loss. The two weakest sub-indices through August were the China Efficiency Index with a 17.1% loss and the China Environment Index with a 14.9% loss.
The market capitalisation of the 164 stocks in the China CleanTech Index is RMB 1.8 trillion (US$284 billion).
The combined investment themes of China and environment provide a compelling case for investment. The sector remains volatile as it matures and reacts to environmental and industry development policy shifts. The quality and scale of the companies included in the sector varies widely and strong research into both sub-sectors and companies is essential before committing to the sector. However, the cleantech sector in China presents a very strong medium term investment thesis and the China CleanTech Index provides the first level of data to enable informed investment decisions to be made.
Click here to read the full press release from Sino CleanTech.
