Jul
31
As China Stocks Crash, This Top-Ranked Fund Steps In to Buy
ByWhen Shanghai stocks plunged the most in eight years on Monday, Huey-yuan Yang was buying.
And he’ll be buying next time, too — confident that Chinese policy makers are prepared to prop up the market after big down days.
“I see buying-on-dip opportunities amid abnormal declines,” said Yang, who manages the equivalent of $169 million for the HSBC China A-Share Focused Fund in Taiwan. The fund beat 93 percent of peers over the past year with a 58 percent return. “The recent sell off didn’t change my view.”…
As China Stocks Crash, This Top-Ranked Fund Steps In to Buy
