8 months ago • 2:52 mins
Zhao Yuanyuan – a hedge fund manager at Shenzhen Qianhai JianHong Times Asset Management Co – has made some big bets on infrastructure, energy producers, and Covid-19 drugmakers lately, while shorting the rest of the market. And it’s paid off: her fund has climbed 138% this year, ranking it the best-performing of over 20,000 private Chinese funds. And now she’s found her next target: buying China’s dip.
China’s key stock market index has had a terrible year so far: it’s dropped 20%, compared to even global stocks’ 16%. But Zhao’s probably betting that investors’ pessimism has peaked. And it’s easy to see her point: lockdowns are easing in places like Shanghai and an estimated $5 trillion worth of economic support has already been announce
Morgan Stanley’s prestigious wealth management unit has been selling off some US stocks to boost its exposure to developing economies. Russell explains why it’s betting so big
There aren’t a lot of pure AI stocks out there, but there is Nvidia. Paul breaks down everything you need to know about the chip giant and its AI future.
You can still expect a lot of whipsaw price action, but Jon’s got three reasons to believe the worst may be over.