The U.S. capital management giant recently reduced its holdings of 450,000 shares of Guizhou Maotai, posing a negative impact on Maotai. On Tuesday (January 19), Maotai once had a straight-line dive situation, closing down 2.60%, the largest single-day drop since October 27, 2020, with market value evaporating 67.4 billion yuan.
Tuesday (Jan. 19) afternoon, Maotai appeared a straight-line diving situation, eventually closing down 2.6%, the largest single-day decline since October 27, 2020, the share price fell back to 2009.41 yuan per share, the market value evaporated nearly 67.4 billion yuan to 2.52 trillion.
On the news, the foreign institutions holding the most Guizhou Maotai grabbed early in the fourth quarter of 2020 and reduced their holdings of Guizhou Maotai.
According to the China Securities Journal on Jan. 19, the official website of U.S. capital management giant Capital Group showed that as of the end of 2020, Capital Group’s American Funds – Europacific Growth Fund (American Funds – Europacific Growth Fund) held Guizhou Moutai 7,161,704 shares, down 450,100 shares or 5.9% from 7,611,804 shares at the end of the third quarter.
Americas Fund – Europe Asia Pacific Growth Fund was established as the fund with the largest number of shares of Guizhou Maotai in the world at the moment. As of the end of 2020, the market value of Guizhou Maotai held by this fund was $2.189 billion, equivalent to RMB 14.195 billion.
The Americas Fund – Europe Asia Pacific Growth Fund was established in 1984 with a net worth of $70.43 and a size of $192.570 billion by the end of 2020, equivalent to RMB 1,249.317 billion.
The Americas Fund-Europe Asia Pacific Growth Fund returned 21.7% in 2020, with an annualized return of 12.35% over the last 5 years and 8.04% over the last 10 years, all of which far exceeded the return of the MSCI All Country World Index (ACWI) (excluding the U.S.) over the same period.
The fund invests primarily in Europe and Asia Pacific, with Asia Pacific accounting for 35.5% of its size.
In addition to its long position in Maotai, the fund also has a long position in Alibaba. As of the end of 2020, it held 115 million shares of Alibaba, ranking as the 9th largest long position, holding a market value of $3.364 billion or over RMB 21.8 billion, accounting for 1.75% of its product net worth.
In addition, another fund under Capital Group that holds more shares of Guizhou Maotai, American Funds – New World Fund (American Funds – New World Fund), also reduced its holdings of Maotai slightly. This fund held 2,531,184 shares of Guizhou Maotai at the end of 2020, down 0.55% from the end of the third quarter. Similar to the Americas Fund-Europe Asia Pacific Growth Fund, the Americas Fund-New World Fund also increased its market value of Maotai holdings at the end of the period.
Analysts said the news of foreign institutions snapping up Moutai constitutes a negative.
Wind data shows that on January 19, northbound funds sold Maotai a net of 71.61 million yuan.
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