Bloomberg (Bloomberg) — 2021 hasn’t been easy for Joy Young, who manages one of the best-performing Chinese stock funds. This year’s returns at Shenzhen Infinite Fund Management Co.’s Infinite Native Gold No. 9 fund soared as high as 84 percent in April, according to the fund’s founder. However, by the beginning of the following month, those returns had halved, and by June 18, they had worsened to 31%. This is due to her investments in a few stocks, notably a starch-sugar company that has underperformed since reporting earnings in April. Continue reading
