Fidelity Fund Resumes Stock Purchases Amid China's Market Rebound

1 min read
Source: Bloomberg
Fidelity Fund Resumes Stock Purchases Amid China's Market Rebound
Photo: Bloomberg
TL;DR

Fidelity International's George Efstathopoulos is increasing investments in Chinese stocks, particularly mid-cap shares on the mainland, anticipating that fiscal stimulus will boost the economy. After profiting from Hong Kong-listed stocks during a recent rally, he is now focusing on the CSI 500 Index, which has underperformed compared to the CSI 300 this year.

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