China’s biggest fund manager with 87 per cent gains picks market laggard and rival to Foshan Haitian as winning recipe

//China’s biggest fund manager with 87 per cent gains picks market laggard and rival to Foshan Haitian as winning recipe

China’s biggest fund manager with 87 per cent gains picks market laggard and rival to Foshan Haitian as winning recipe

Zhang Kun, who manages US$18.4 billion in assets at China’s biggest money manager E-Fund Management, has been building up a substantial stake in Jonjee Hi-Tech Industrial and Commercial Holding as a winning recipe for his market-beating funds.This year alone, Zhang’s three equity mutual funds have spent 3 billion yuan (US$459 million) on picking up 53.5 million shares in Jonjee from the market, according to the company’s latest shareholding data. These purchases have increased his overall stake…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2021-04-07T23:30:08+00:00 April 7th, 2021|Business|Comments Off on China’s biggest fund manager with 87 per cent gains picks market laggard and rival to Foshan Haitian as winning recipe