Here's a little-known fact: the Shanghai Composite Index has outperformed the S&P 500 for 2015.
Judging from the apocalyptic tone of much commentary on China’s stock market, few casual observers would guess that the Shanghai Composite Index is up a respectable 12.6 per cent on the year.
The benchmark is higher by almost 8 per cent in US dollar terms while the S&P 500 sits in negative territory for the year. Many asset managers would be happy to sign up for such an apocalypse, given the lacklustre performance of other global equity indexes and hedge funds.
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