Chinese fund managers’ pursuit of AI plays backfires as hot tech stocks wobble
A shift to technology stocks by China’s most seasoned fund managers has backfired, with the unwinding of AI plays taking a toll on the performances of their products. Funds run by some star managers with a value-investing approach all recorded declines in net asset values last month after they switched to chipmakers and the manufacturers of optical transceivers and out of long-held consumer bets…
We haven't written up this one. South China Morning Post has the full story — the link below goes straight to it.
