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Initial investment according to fund's passive investment strategy (healthcare industry) with equal weighting. 5/6 largest companies measured by market cap in the fund's segment 3 (Medical insurance, medical services, and managed care ).
Largest life insurance company in China, with 20% market share. It has a relatively low PE ratio under 20, making it a great value stock for the amount of market share it has. With the onset of the pandemic, people are going to want more insurance in order to protect themselves against risk
Stock still relatively low, in the healthcare industry which we have less exposure to. See further rationale in bi-weekly trading report.