A number of fund managers in the US are reportedly buying up shares of companies that could potentially shield them from disruptions resulting from the escalating trade war between the US and China.

Managers from Baron Funds, Thornburg Investment Management, and James Advantage Funds were seen to have bought cloud-based companies such as Salesforce.com, and those that get the majority of its revenue domestically like Just Eat Plc.

Meanwhile, Janus Henderson Global Technology fund was seen to have been selling off semiconductor companies overall while buying up more Chinese internet companies such as Tencent Holdings Ltd and Alibaba Group Holdings Ltd on declines.

 

Source: Reuters

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