Aug
29
Fund Manager With Over 300,000 Followers Turns Bullish on China
By-
Shennong focused on health-care, consumer, technology stocks
- U.S. trade war and deleveraging already long priced in: Chen
A Chinese fund manager with hundreds of thousands of social media followers has turned bullish on the country’s stocks, particularly the health-care sector.
Chen Yu, general manager of Beijing Shennong Capital Asset Management Co., said concerns over the U.S. trade dispute and China’s deleveraging campaign have long been priced in, and that market weakness isn’t down to fundamentals — it has stemmed from mood swings. He is getting ready to go all-in on equities, converting cash that’s accounting for 40 percent of his 2 billion yuan ($293 million) of assets under management…
Fund Manager With Over 300,000 Followers Turns Bullish on China
