The net asset value of the Fidelity China Special Situations trust rose by 7% on Friday following Chinese e-commerce site Alibaba's record $25bn IPO.
Investors have been warned against buying into Chinese tracker funds in the near term as growing interest prompts some groups to close products to new investment.
Asian stocks have been largely ignored this year as investors take stock of positions and eye potential shifts in policy from central banks, but multi-managers are now upping their exposure amid a strong rally.
China's central bank has followed the ECB's move to boost its economy, after revealing plans to inject a fresh round of capital into its banking system.
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Global investors have been snapping up cheap Chinese stocks as signs of a banking collapse recede, but economic data remains mixed.