Valued company: Baidu’s company logo is seen at its headquarters in Beijing, China. The US2.6bil Trilogy Global Advisors Emerging Wealth Fund had almost 10 of its assets in just two stocks at the end of last year – Baidu Inc, China’s biggest search-engine provider, and Alibaba Group Holding Ltd, an e-commerce titan.— Reuters
Fund’s managers say the two firms are poised to enter new businesses
MEXICO CITY: Money managers at one of the best performing emerging-market funds are betting big on Chinese Internet stocks as they forecast another year of outperformance for developing-nation equities.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
