Chinese fund managers buy new-energy stocks and ditch tech giants, quarterly portfolio report shows

//Chinese fund managers buy new-energy stocks and ditch tech giants, quarterly portfolio report shows

Chinese fund managers buy new-energy stocks and ditch tech giants, quarterly portfolio report shows

Chinese money managers added holdings of new-energy, pharmaceuticals and small liquor distillers in the third quarter, while trimming positions in technology juggernauts and companies with exposure to the property industry, according to mutual funds’ quarterly reports.Sungrow Power Supply, WuXi AppTec and Shanxi Xinghuacun Fen Wine Factory were among fund managers’ biggest increases in holdings in the past quarter, the reports showed. Tencent Holdings, the Chinese social-media giant trading in…

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By | 2021-10-28T23:30:26+00:00 October 28th, 2021|Business|Comments Off on Chinese fund managers buy new-energy stocks and ditch tech giants, quarterly portfolio report shows