Mar
12

Top China Stock Fund Manager Says Small-Caps Ripe for Rally

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  • Ren’s fund favors technology, new energy and machinery stocks
  • ChiNext Index has rebounded 6.5% from a low in January

Ren Xiangdong, whose Chinese stock fund has beaten 97 percent of peers over the past three years, says now’s the time to buy small-cap shares with high profit growth.

Ren is adding to holdings of “new economy” companies and selling some cyclical stocks, he said in an interview on Feb. 27. The 2.7 billion yuan ($390 million) Bank of Communications Advanced Production Fund’s biggest picks were concentrated in technology, new energy and machinery stocks at the end of 2016, data compiled by Bloomberg show…

Top China Stock Fund Manager Says Small-Caps Ripe for Rally

 

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