Global Investors Eye Undervalued Chinese Tech
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The start of the year has seen a notable rise in key indices of the A-share market, characterized by increasing trading volumes and a surge of activity surrounding technology and internet-themed investmentsOn February 17, the private enterprise symposium was held, drawing attention back to relevant companies within the A-share marketMorgan Asset Management has maintained an optimistic outlook on the current market environment, suggesting a robust spring rally aheadWhile high-growth assets might experience short-term fluctuations, the long-term growth trajectory appears well-defined, with technology themes potentially shifting from a beta-driven market to more targeted alpha-driven investments.
Guo Chen, the head of the growth equity team at Morgan Asset Management and a seasoned fund manager, highlights that a significant point to consider is China's ongoing technological advancement, which is increasingly aligning with global standardsThis progression has enhanced the value proposition of Chinese tech assets, underlining their investment potentialAs a series of economic policies come into effect, the Chinese economy is steadily stabilizing and recoveringIn this favorable environment, overseas investors are expected to revisit and regain confidence in the Chinese market, leading to a gradual return of Chinese assets to reasonable valuation levels.
It is reported that Morgan Asset Management deeply integrates international investment perspectives with local practical experiences, thoroughly exploring the investment opportunities stemming from China’s technological rise, and has developed a distinctive series of "Morgan Global Perspective Technology" selective fundsThese funds offer diversified investment solutions that cover A-share, Hong Kong stocks, and Pacific markets for Chinese investors.
According to data from Galaxy Securities, as of the end of January this year, Guo Chen's managed Morgan Dynamic Selected Mixed Fund A ranks 510 out of 1723 in the category for the past year, while the Morgan Intelligent Internet Equity Fund A ranks 6 out of 29 in its categoryBoth A-share funds have placed in the top one-third of their respective categories, with the former among the top one-third of mixed equity funds and the latter in the top quarter of TMT and information technology equity funds.