A Chinese fund manager whose portfolio includes Gen Z-friendly brands such as Pop Mart (HKG:9992) has seen 24% returns in 2025, Bloomberg News reported Monday, citing data from fund tracker East Money Information.
The Penghua Selected Return Flexible Allocation Mixed Fund is ranked in the top 3% of about 2,300 peers, the report said.
The fund, managed by 30-year-old Xie Tianyuan, repositioned itself from its holdings in alcoholic beverage manufacturer Kweichow Moutai (SHA:600519) and diverted to more youthful spending represented by the Labubu maker, the report said.
Xie's pivot to Pop Mart indicates how cultural shifts can influence Chinese investors while steering through economic challenges, Bloomberg said.
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