Guinness Global Innovators shifts China holdings on back of political uncertainty

Volatility not an opportunity

The £550m Guinness Global Innovators fund recently exited some of its holdings with direct exposure to China, including Tencent, in response to “regulatory and political uncertainty” in the country.

Co-manager Ian Mortimer said he does not view the volatility in Chinese markets, in response to the regulator's crackdown on technology companies and its ban on for-profit tutoring and education companies,...