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JPMorgan China Fund Ramps Up Bets on Tech as Bullish Calls Grow

  • Fund has added exposure to Alibaba, this year
  • China stocks continue to rally in the face of global downturn
Updated on

JPMorgan Asset Management is doubling down on China tech stocks after enduring a tumultuous selloff, betting that an easing of regulatory crackdowns and attractive valuations will pay off well.  

Rebecca Jiang, who co-manages three China equity funds with almost $20 billion of assets, said she is becoming more optimistic on the sector as regulatory hurdles are being cleared, while macro policies offer support. The flagship China fund has snapped up shares of Alibaba Group Holding Ltd. and Inc. this year, according to filings as of end-May.