The Lujiazui Financial District in Shanghai. Zhang’s funds have delivered mediocre performances this year, with two reaping returns and two recording losses. Photo: Bloomberg The Lujiazui Financial District in Shanghai. Zhang’s funds have delivered mediocre performances this year, with two reaping returns and two recording losses. Photo: Bloomberg
The Lujiazui Financial District in Shanghai. Zhang’s funds have delivered mediocre performances this year, with two reaping returns and two recording losses. Photo: Bloomberg

China’s biggest fund manager curtailed stocks exposure in second quarter as hedge against lofty valuations

  • Zhang Kun lowered positions in each of his four funds, according to the funds’ quarterly reports
  • Consumer stocks, particularly liquor producers, have born the brunt of Zhang’s actions

Topic |   Hong Kong stock market
The Lujiazui Financial District in Shanghai. Zhang’s funds have delivered mediocre performances this year, with two reaping returns and two recording losses. Photo: Bloomberg The Lujiazui Financial District in Shanghai. Zhang’s funds have delivered mediocre performances this year, with two reaping returns and two recording losses. Photo: Bloomberg
The Lujiazui Financial District in Shanghai. Zhang’s funds have delivered mediocre performances this year, with two reaping returns and two recording losses. Photo: Bloomberg
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