Given that Tencent, the Chinese tech giant, has a bigger weighting in the emerging markets’ benchmark index than countries such as Russia, Mexico, Malaysia, Thailand and Indonesia, it may be worth trying to delve a little more deeply into what has been ailing the company of late.
The internet and gaming group has a 4.84 per cent weighting in the MSCI Emerging Markets index, making it the top EM pick among funds that manage about $1.9tn in assets globally.
Thus, there is concern that its share price has fallen nearly 14 per cent in the year to date and is 24 per cent off its January high.
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