No. 1 China Equities Fund Bought Only Three Stocks This Year

Cederberg only started buying Tencent and Alibaba this year, as well as Hong Kong-listed Beijing Tong Ren Tang Chinese Medicine Co., which hasn’t performed so strongly, rising less than 1 percent. With regard to the two Internet juggernauts, it’s better to be five years late than 10 years late, Krige said. The fund’s performance compares with a 40 percent gain in the MSCI China Index.

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