Asian Fund Shifts Focus from Pop Mart to Samsung

An Asian equity fund known for surpassing its peers has now shifted attention to Samsung Electronics Co. The shift comes after the fund strategically invested in Pop Mart International Group Ltd. prior to a significant increase in the latter's stock value.

The Ninety One Global Strategy Fund – Asian Equity, valued at $1.6 billion, acquired Pop Mart stocks in March 2024. According to Charlie Linton, the fund's London-based co-manager, their quantitative model highlighted the profit potential of Pop Mart amidst China's economic challenges.

Recently, the fund has increased its stakes in Samsung, a decision driven by Linton's observation that many investors have undervalued the tech giant. This mispricing arises as Samsung faces competition from other companies in the market for high-bandwidth memory chips.