Peer-Beating Tech Fund Doubles China Exposure in Contrarian Bet

🇨🇳 Bloomberg (CN) —

AI Summary

A technology-focused stock fund known for outperforming peers is reducing exposure to some US tech stocks while increasing investment in Chinese internet giants and hardware manufacturers, reflecting confidence in China's tech growth prospects.

A peer-beating technology stock fund is taking profits on some hot US trades and adding exposure in China, seeing opportunities in the Asian nation’s internet giants and hardware makers.

Markets Deals AI & Tech tech fund China exposure US tech stocks internet giants hardware makers

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