Fidelity Investments's funds increase positions in Alibaba
Add 52.13% of Alibaba ADR, 53.29% of Alibaba Hong Kong shares, 15.56% of Baidu and 14.01% of Tencent. Among the banking stocks, 10.94% of China Construction Bank, 41.81% of China Merchants Bank and 6.35% of industrial and commercial bank. Add Dongfeng Automobile 8.79%.
By the end of June 2022, the top ten heavy positions of the fund were China Construction Bank, Alibaba (ADR), China Life Insurance, Alibaba (Hong Kong stock), Tencent holdings, industrial and Commercial Bank of China, China Merchants Bank, Dongfeng Automobile, Baidu (ADR), etc.
The flagship fund is one of the best performing overseas Chinese funds above Designated Size this year. One of the main shares of the fund, "Fidelity Funds - China Focus Fund a-dist-usd", the net value increased by 15% in the first six months of this year.
$Alibaba(BABA.US$ $BABA-SW(09988.HK$ $Tencent(TCEHY.US$ $TENCENT(00700.HK$ $Baidu(BIDU.US$ $BIDU-SW(09888.HK$ $China Construction Bank Corporation(601939.SH$ $CCB(00939.HK$ $CHINA CONST BK(CICHY.US$ $Industrial and Commercial Bank of China(601398.SH$ $ICBC(01398.HK$ $Industrial And Commercial Bank Of China (ADR)(IDCBY.US$ $China Merchants Bank(600036.SH$ $CM BANK(03968.HK$ $CHINA MERCHANTS BK(CIHKY.US$ $Dongfeng Automobile(600006.SH$ $China Life Insurance(601628.SH$ $China Concept Stocks(BK2517.US$ $Hang Seng TECH Index(800700.HK$
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