Fidelity International's fund managers are increasing their investments in the Chinese real estate sector in response to recent stimulus measures announced by the Chinese government.
Fidelity is shifting its focus from online platforms to real estate, driven by the potential for a recovery in household confidence.
The firm is taking a selective approach to investing in quality companies within the consumer and property sectors.
Recent data indicates a slight uptick in property transactions and a boost in sales for companies like Alibaba.
Fidelity's fund managers are closely monitoring upcoming government meetings for further economic plans and growth targets.
They are also considering geopolitical risks, such as potential trade tensions.
Overall, Fidelity is adapting its investment strategy to capitalize on the potential recovery in China, driven by government support and a gradual return of consumer confidence.