Business · Markets · 10 hrs ago
Chinese investor’s semiconductor fund gains fall sharply from peak
A 28-year-old retail investor in Zhengzhou, China, switched from gold to tech funds at the end of last year.
He chose funds focused on Chinese semiconductors, robotics and related sectors.
He says he does not know the fundamentals of tech companies.
His move came during a bull run that lasted until the middle of this year.
Returns on his semiconductor funds rose as high as 170 per cent before falling to just over 10 per cent recently.
The sharp swing comes as fears of an AI bubble rattle markets.
The available information does not say what the investor will do next.
Jason Wang, a retail investor in Zhengzhou, switched from buying gold to investing in technology-focused funds.
His semiconductor fund returns peaked at 170 per cent before falling to just over 10 per cent.
Wang began buying funds focused on semiconductors, robotics and similar sectors amid a bull run.
He said he had no idea about technology company fundamentals.
- Who
- Jason Wang, a 28-year-old retail investor and media operator.
- What
- His semiconductor fund returns fell from a peak of 170 per cent to just over 10 per cent.
- When
- He started buying technology funds at the end of last year; returns had fallen to just over 10 per cent recently.
- Where
- Zhengzhou, in central China’s Henan province.
- Why
- He switched from buying gold to technology funds amid a bull run.
This story does not have two clearly opposing sides.
Wang started buying technology funds focused on semiconductors, robotics and similar sectors.
The bull run continued.
Returns on Wang’s semiconductor funds had fallen to just over 10 per cent after reaching a peak of 170 per cent.
- Investor
- Jason Wang, 28
- Base
- Zhengzhou, Henan province
- Fund return peak
- 170 per cent
- Recent fund returns
- Just over 10 per cent
- Investment areas
- Semiconductors, robotics and similar sectors
What people are saying
has no idea about tech company fundamentals