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More Top Funds Dump Chinese Stocks While Big IPO Bet Flops Investor's Business Daily

August 22, 2021
Source: investors.com investors.com
News Snapshot:
Big hedge funds soured on Chinese stocks in the second quarter as Beijing's regulatory crackdown across the private sector ramped up. X But they loaded up on new IPO stock and Chinese ride-hailing giant Didi Global ( DIDI ), the latest hedge funds' 13F filings show. The so-called Uber ( UBER ) of China went public at the very end of Q2 . Since then, however, the stock has sold off more than 40% as it became a top target of China's government. The latest filings come after Cathie Wood has disclosed that her ETFs have been steadily unloading Chinese...
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