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Bets on China green stocks drag down top Asia funds

Asia’s best-performing equity funds of last year have tumbled to near the bottom of the pile as their bets on China’s green energy rally turn sour. Driving the underperformance are the funds’ holdings in China’s renewable energy and electric vehicles, whose shares have taken a beating after two years of scorching rallies following Beijing’s carbon neutrality goals. Even as China reaffirms its policy easing stance, monetary tightening elsewhere has pushed up global borrowing costs, spu...
Winnie Chiu Arcus Japan Fund Amperex Technology Co Tianqi Lithium Corp Eve Energy Co Corealpha Equity

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