Overseas China's third largest equity fund drastically reduced its holdings in Maotai
After a large reduction of China Merchants Bank and Alibaba in November, the third largest overseas Chinese Equity Fund reduced its holdings in Moutai, Guizhou Province. According to Morningstar's official website, UBS's UBS (Luxembourg) China selected stock fund reduced its position in Guizhou Maotai by 7.52% in November. In December, the fund continued to reduce its holdings in Guizhou Maotai. As of December 31, 2021, the number of shares held by the fund in Guizhou Maotai decreased by 12.40% compared with the end of November.
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