“The national team” – the market’s nickname for Chinese investors of state-linked funds – cut its holdings in this year’s best-performing consumer stocks including, Gree Electric Appliances and liquor maker Luzhou Laojiao, according to data compiled by Sinolink Securities. Photo: Xinhua

Chinese state funds’ Q1 portfolio strategy goes contrarian, quietly

China’s state funds, known as the “national team,” ditched market favourites and quietly began collecting laggards in the first quarter, adopting a contrarian strategy in their portfolio allocations.

Topic |   China stock market

TOP PICKS

“The national team” – the market’s nickname for Chinese investors of state-linked funds – cut its holdings in this year’s best-performing consumer stocks including, Gree Electric Appliances and liquor maker Luzhou Laojiao, according to data compiled by Sinolink Securities. Photo: Xinhua
READ FULL ARTICLE