Tech stocks are hammered in a brutal sell-off following the 20th Party Congress in China.
Can funds outperform BATs?
Mutual funds with substantial holdings in China’s three internet giants – Baidu, Alibaba and Tencent – underperformed the MSCI China index in 2017, data from FE show.
Global indices still warm on China
Some see the economic outlook for China as grim, supported by manufacturing data, but global index providers hold a more positive view, said according to Jackie Choy, ETF strategist at Morningstar.