GOPSX - Aberdeen China Opportunities I/S

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Aberdeen China Opportunities I/S (GOPSX)
Expense Ratio: 1.62%
Expected Lifetime Fees: $45,252.33

The Aberdeen China Opportunities I/S fund (GOPSX) is a China Region fund started on 6/29/2004 and has $37.40 million in assets under management. The current manager has been running Aberdeen China Opportunities I/S since 1/24/2009. The fund is rated by Morningstar. This fund does not charge 12b-1 fees.

MarketRiders Prefers The Following ETF

iShares Trust FTSE China 25 Index Fund (FXI)
Expense Ratio: 0.72%
Expected Lifetime Fees: $22,073.95

The iShares Trust FTSE China 25 Index Fund (FXI) is an Exchange Traded Fund. It is a "basket" of securities that index the China Region investment strategy and is an alternative to a China Region mutual fund. Fees are very low compared to a comparable mutual fund like Aberdeen China Opportunities I/S because computers automatically manage the stocks.

The Following China Region Funds Have Lower Fees Than Aberdeen China Opportunities I/S (GOPSX). Why are these metrics important?
Mutual Fund Name Ticker Symbol Turnover Assets (M) Annual Fees
Columbia Greater China A NGCAX 36.0% 212 1.48%
Columbia Greater China A NGCTZ 36.0% 212 1.48%
Columbia Greater China Z LNGZX 36.0% 212 1.23%
Dreyfus Greater China I DPCRX 91.4% 411 1.60%
Fidelity Advisor China Region A FHKAX 87.0% 1,300 1.37%
Fidelity Advisor China Region I FHKIX 87.0% 1,300 1.06%
Fidelity China Region FHKCX 87.0% 1,300 1.04%
Guinness Atkinson China & Hong Kong ICHKX 7.8% 152 1.53%
Matthews China Fund Institutional Class MICFX 8.4% 2,100 0.96%
Matthews China Investor MCHFX 8.4% 2,100 1.13%
Templeton China World Fund Class Advisor TACWX 5.6% 1,000 1.52%

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Why Are These Metrics Important?

Turnover represents how much of a mutual fund's holdings are changed over the course of a year through buying and selling. Active mutual funds have an average turnover rate of about 85%, meaning that funds are turning over nearly all of their holdings every year. A high turnover means you could make lower returns because: 1) buying and selling stocks costs money through commissions and spreads and 2) the fund will distribute yearly capital gains which increases your taxes. Look for funds with turnover rates below 50%. For comparison, ETF turnover rates average around 10% or lower.

Generally, smaller funds do better than larger ones. The more assets in a mutual fund, the lower the chance that it will beat its index. Managers outperform an index by choosing stocks that are undervalued. In order to find these undervalued stocks, the manager has to know more than his competitors to develop an "edge." There are only a finite number of stocks a mutual fund manager can reasonably analyze and actively track to gain such a competitive edge. When the fund has more assets, the manager must analyze large companies because he needs to take larger positions. Large companies are more efficiently priced in the market and it becomes increasingly difficult to get an edge.