Cathie Wood pares holdings of Chinese tech stocks as she expects valuations to remain depressed amid crackdown

Source: Tech – South China Morning PostCathie Wood’s Ark Investment Management has been selling Chinese tech stocks, with holdings in one of the firm’s funds falling to the lowest on record as Beijing’s crackdown on the sector intensifies.China’s weighting in Wood’s flagship Ark Innovation ETF has plunged to less than 1 per cent from 8 per cent as recently as February, while that of the Ark New Generation Internet ETF has fallen to 5.4 per cent, the lowest compared to month-end figures since Bloomberg began compiling the data in…Read More

Geef een reactie

Het e-mailadres wordt niet gepubliceerd. Vereiste velden zijn gemarkeerd met *

Generated by Feedzy