Cracks in the China story
The investment world has reacted with horror to the idea that Chinese communist policy makers and regulators might not be enthusiastic about large private companies with too much pricing power. The regulatory clampdown on online education platforms and tech giants such as Tencent and Alibaba has had an inevitable knock-on impact on the price of the leading UKlisted China funds.
The good news, however, is that all of the China-focused funds are underweight the tech giants compared with the weighting of over 30% in the MSCI China on 30 June. In particular,
