markets
[h=1]Mysterious 8,500% Stock Gain Attracts Big Funds (And Big Questions)[/h] Bloomberg News February 21, 2019, 8:10 PM EST Updated on February 22, 2019, 4:52 AM EST
- China Ding Yi Feng is the top performer in MSCI?s global index
- BlackRock, Vanguard index funds are among recent buyers
Perched below the Ritz-Carlton in Hong Kong, inside the city?s tallest
skyscraper, is one of the biggest mysteries of the investing world.
There, on the 66th floor of the International Commerce Center, lies the headquarters of an obscure company that, at first glance, looks like a wild success. Its stock has bested everything in its class with a staggering five-year run: 8,563 percent...
...
DYF?s curious surge adds to a long list of extreme, unexplained stock swings in Hong Kong that have threatened to dent the city?s reputation as one of the world?s premier financial markets.
It also shows how, thanks to the growing popularity of passive investment strategies, such episodes increasingly involve global money....
