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Analysis: China funds have been on fire recently, with big gains across the board. This one posted an advance of 78.8% in the year to Aug. 31/07 and it wasn’t even the best of its type! The three-year results show an average annual compound rate of return of 32.5%. The rising tide lifted all boats! However, a China fund can be extremely volatile and this one is no exception. So if you’re going to invest here, make sure you understand the risk and don’t put it into an RRSP. That said, if you want to take a position in one of the world’s fastest-growing economies, this fund is a good way to do it. The fund invests in mid and large-cap stocks that offer growth potential. Nomura Asset Management, which oversees the fund, isn’t afraid to place big bets; in June 2007 they had 9.7% of his assets in a single company, China Mobile. Financial, energy, and telecommunications stocks dominate, with more than 70% of the total portfolio. If a China fund is on your shopping list, this is a decent choice.