Chinese Tutoring Stocks’ Harsh Lesson in Risk Management
Funds from Davis and Virtus SGA took the biggest hits.
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.
Alec Lucas has a position in the following securities mentioned above: ODVYX. Find out about Morningstar’s editorial policies.