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China’s star fund manager dumps long-held consumer bets in pivot to AI trade
China’s E Fund Blue Chip Selected Mixed Fund manager Zhang Kun reduced holdings in consumer stocks like Kweichow Moutai and Wuliangye Yibin amid tepid consumer spending, shifting investments toward artificial intelligence-linked assets. The fund, worth 20.8 billion yuan, is pivoting away from long-held consumer bets to align with evolving market dynamics.
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