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Fidelity International fund that rode China’s epic rally is back buying stocks

Bloomberg
Bloomberg • 3 min read
Fidelity International fund that rode China’s epic rally is back buying stocks
The focus is on the CSI 500 Index, whose gains have trailed the blue-chip CSI 300 gauge’s performance this year. Photo: Bloomberg
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After successfully riding China’s epic stock rally in late September, Fidelity International’s George Efstathopoulos is boosting positions again on expectations that fiscal stimulus will prop up the economy. 

The Singapore-based money manager, who oversees about US$3 billion ($4.02 billion) across assets, has rotated into mid-cap shares listed on the mainland last week after taking profit from his exposure via Hong Kong during the latest rebound.

His focus is on the CSI 500 Index, whose gains have trailed the blue-chip CSI 300 gauge’s performance this year. 

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