A View from Asia - China Special

Samir Mehta takes a look at the three cross-currents affecting Chinese technology stocks. 

  • Samir Mehta
07 Jul 2021
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View PDF   Download PDF  
  • The Chinese authorities are currently re-examining rules around listing outside China’s stock exchanges. 
  • Since 2018 I have considered any Chinese ADRs as risky for exactly this eventuality.  
  • The portfolio has a large underweight position in China, partly due to valuations, partly because of increased regulatory risks and partly on account of the tightening macro environment. 


Past performance is no guarantee of future performance. The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. Investing in companies in emerging markets involves higher risk than investing in established economies or securities markets. Emerging Markets may have less stable legal and political systems, which could affect the safe-keeping or value of assets. The Fund’s investments may include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile. The information contained herein including any expression of opinion is for information purposes only and is given on the understanding that it is not a recommendation.

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