China’s Multi-Asset Funds Dominate Top Performers as Tech Soars

Chinese multi-asset funds trounced their global peers last year with a simple strategy: bet big on tech stocks.

The country dominated the rankings of the world’s most successful cross-asset mutual funds managing more than $500 million, taking 13 of the top 20 spots, according to Bloomberg data. Seven of the Chinese funds delivered returns of more than 100% over the course of the year.