China Check-In: The Pros’ Favorite U.S.-Listed China Stocks (BIDU, FXI, CTRP, CHL, WX, EDU, YONG, VISN, CPBY)
by Jason Smith | August 24th
Given its massive population, political clout, and rapid economic expansion, Chinese equities are among the most closely watched on Wall Street, and while there is significant divergence of opinion on future valuations, investors can glean some sentiment from the latest disclosures of Wall Street’s top money managers. The latest regulatory filings, which report holdings from the end of the second quarter, are in, and the Street is now privy to the Pros’ favorite U.S.-listed plays on China’s growth story.
Among the more than 160 China Stocks and ADRs Index components, 13F-filing asset managers mostly favored large-caps near the top of their portfolios. Given the liquidity requirements of larger hedge and mutual funds, this should come as no surprise, but despite the large-cap bias, Pros were betting on an eclectic mix of Chinese sectors moving into the second half.
Dotcom giant Baidu (BIDU) narrowly edged out the iShares FTSE Xinhua China 25 Index (FXI) ETF as the Pros’ favorite China play, with 43 13F-filing asset managers counting shares among their top-15 U.S.-listed equity holdings in the latest regulatory filings. Meanwhile, online travel booking player Ctrip.com Intl (CTRP), wireless communications player China Mobile (CHL), biotech WuXi PharmaTech (WX), and education firm New Oriental Education & Technology (EDU) were all among Pro favorites with more than ten firms holding shares near the top of their respective portfolios at the end of Q2.
In the small-cap space, fertilizer firm Yongye International (YONG), advertising player VisionChina Media (VISN), and IT security firm China Information Security Technology (CPBY) were all in the top-15 end-of-Q2 holdings of four or more Pros.
tickerspy.com |
