Rayuan Hong Kong Overseas Fund surged by 23% in September, focusing on telecommunications, consumer discretionary, e-commerce, and energy sectors

Wallstreetcn
2024.10.10 08:25
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The Ruiyuan China Stock Fund saw a 23.1% increase in net value in September, with a year-to-date return of 46.25%, outperforming similar overseas funds. The fund focuses on sectors such as telecommunications, optional consumption, e-commerce, and energy, with the top five major holdings including JD.com, NetEase, Ctrip, Bosideng, and Tencent. The fund manager pointed out that market sentiment has significantly improved due to the Fed rate cut and domestic policy stimulus, believing that the current market is suitable for long-term investor allocation