China Fund That Beat 99% of Peers by Selling Tech Is Now a Buyer
- Valuations on mainland tech shares almost halved from peak
- Yuanta New China fund manager says the market has stabilized
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Jeff Yeh became one of this year’s best-performing Chinese stock pickers by spotting a bubble in technology shares and selling before it burst. Now, he says it’s time to look for bargains.
“Prices are more reasonable,” said Yeh, whose Yuanta New China Fund has returned about 22 percent this year, outperforming 99 percent of Greater China equity funds tracked by Bloomberg. “The air in many bubbles has been squeezed out.”