US$3 billion top Asia fund bets on Tencent again despite China gaming rules, favours Samsung over TSMC in chip market
A fund that outperformed most of its peers has added Tencent Holdings back to its portfolio recently, betting on the gaming company’s attractive valuation despite further industry curbs by the Chinese government. Federated Hermes Asia Ex-Japan Equity Fund, which beat 83 per cent of its peers for the past three years, made the purchase in … Read more
