Chinese Tutoring Stocks’ Harsh Lesson in Risk Management
Funds from Davis and Virtus SGA took the biggest hits.
Fund Spy
Mentioned: TAL Education Group (TAL)
, Gaotu Techedu Inc (GOTU)
, DiDi Global Inc (DIDI)
, New Oriental Education & Technology Group Inc (EDU)
, Davis International Y (DILYX)
, Artisan Developing World Institutional (APHYX)
, Morgan Stanley Inst Asia Opp I (MSAQX)
, Polen International Growth Institutional (POIIX)
, Virtus SGA Emerging Markets Growth I (VIEGX)
, Virtus SGA New Leaders Growth I (VNLIX)
The Chinese Communist Party’s spate of regulatory interventions that began with halting Ant Group’s late 2020 IPO recently took a severe turn. Its direction surprised even seasoned portfolio managers and hurt their investors, while its fallout highlights the importance of risk management.
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Alec Lucas has a position in the following securities mentioned above: ODVYX. Find out about Morningstar’s editorial policies.