Pedestrians walked along a road in Shanghai on June 29, 2022 after the city’s authorities declared victory in their defence of the financial hub against Covid-19. Photo: Bloomberg.
Pedestrians walked along a road in Shanghai on June 29, 2022 after the city’s authorities declared victory in their defence of the financial hub against Covid-19. Photo: Bloomberg.

Allianz China says it is ‘time to buy shares’ as its US$1.2 billion equity funds bets on reopening

  • Anthony Wong, lead manager for the US$1.2 billion All China Equity Fund, said it’s time to buy shares in the tourism and leisure sectors, duty-free shops and hotel chains
  • They’re among the biggest over-weights in his portfolios, alongside renewable energy, electric vehicle supply chain and healthcare

Pedestrians walked along a road in Shanghai on June 29, 2022 after the city’s authorities declared victory in their defence of the financial hub against Covid-19. Photo: Bloomberg.
Pedestrians walked along a road in Shanghai on June 29, 2022 after the city’s authorities declared victory in their defence of the financial hub against Covid-19. Photo: Bloomberg.
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