abrdn's New Dawn 'tentatively' returns to Chinese tech

Extends India overweight

Valeria Martinez
clock • 3 min read

The abrdn New Dawn trust has been "tentatively" exploring a return to Chinese tech following a pullback at the start of this year, while extending its overweight to India’s “growth story” in recent months.

Investors have been jittery about China this year due to the country's ongoing troubles, namely the zero-Covid policy, property sector woes and rising geopolitical tensions, coupled with Beijing's regulatory crackdown of some of its most popular tech names.  The 33-year old trust trimmed some of the portfolio's top Chinese internet and technology stocks earlier this year, in light of slowing consumer demand and a challenging macroeconomic backdrop, portfolio manager James Thom told Investment Week.   Tencent, the technology and entertainment conglomerate, was one of the stocks that wa...

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