abrdn's New Dawn 'tentatively' returns to Chinese tech

Extends India overweight

Valeria Martinez
clock • 3 min read

The abrdn New Dawn trust has been "tentatively" exploring a return to Chinese tech following a pullback at the start of this year, while extending its overweight to India’s “growth story” in recent months.

Investors have been jittery about China this year due to the country's ongoing troubles, namely the zero-Covid policy, property sector woes and rising geopolitical tensions, coupled with Beijing's regulatory crackdown of some of its most popular tech names.  The 33-year old trust trimmed some of the portfolio's top Chinese internet and technology stocks earlier this year, in light of slowing consumer demand and a challenging macroeconomic backdrop, portfolio manager James Thom told Investment Week.   Tencent, the technology and entertainment conglomerate, was one of the stocks that wa...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Asia

Kepler Partners' Josef Licsauer: Why it could finally be Japan's time in the sun

Kepler Partners' Josef Licsauer: Why it could finally be Japan's time in the sun

'Once-moribund stock market'

Josef Licsauer
clock 16 July 2024 • 5 min read
Value Partners Group's David Townsend: Unlocking the potential of China's A-share market

Value Partners Group's David Townsend: Unlocking the potential of China's A-share market

For more than two decades, China's domestic stock markets have beckoned foreign investors with the promise of riding the wave of the nation's phenomenal economic expansion.

David Townsend
clock 20 June 2024 • 4 min read
Chikara's Andrew Draycott: A letter from India

Chikara's Andrew Draycott: A letter from India

'Everything starts to make more sense'

Andrew Draycott
clock 19 June 2024 • 4 min read
Trustpilot