Major AI sector selloff and tech correction
Technology equities tumbled with Nasdaq dropping nearly 6%, marking its worst session since April 2025. AI-related stocks declined sharply, dragging the S&P 500 down significantly.
Funds in our coverage with Netease INC among their ten largest positions, with about £979.0M of those funds’ assets in it. FE fundinfo data, to 31 Oct 2026.
| 5Y | Volatility | Quartile | ||||||
|---|---|---|---|---|---|---|---|---|
| China FundBlackRock | Active | 4.38% | −14.6% | Pro | Pro | 1.82% | £802.0M | Free account |
| China Consumer FundFidelity | Active | 4.20% | −26.4% | Pro | Pro | 2.65% | £1.7B | Free account |
| China FundJ.P. Morgan Asset Management | Active | 3.80% | −20.7% | Pro | Pro | 1.81% | £2.2B | Free account |
| Invesco Asian Fund (UK)Invesco | Active | 3.75% | +13.1% | Pro | Pro | 1.65% | £3.1B | Free account |
| Global Franchise FundNinety One | Active | 3.60% | +3.3% | Pro | Pro | 0.94% | £6.5B | Free account |
| AZ Equity - Emerging Markets TechnologyAzimut Holding | Active | 3.50% | n/a | Pro | Pro | 4.28% | £69.9M | Free account |
| FSSA China Growth FundFirst Sentier Group | Active | 3.48% | −11.9% | Pro | Pro | 1.81% | £1.9B | Free account |
| Invesco Global Emerging Markets Fund (UK)Invesco | Active | 3.35% | +30.0% | Pro | Pro | 1.50% | £1.4B | Free account |
| Invesco Emerging Markets Equity FundInvesco | Active | 3.20% | +16.7% | Pro | Pro | 1.10% | £2.6B | Free account |
| China OpportunitiesSchroders | Active | 3.08% | −13.3% | Pro | Pro | 1.84% | £674.4M | Free account |
| Invesco Asian Equity FundInvesco | Active | 2.90% | +3.3% | Pro | Pro | 1.35% | £2.7B | Free account |
| Veritas Asian FundVeritas AM | Active | 2.75% | +10.3% | Pro | Pro | 0.33% | £2.1B | Free account |
| Quilter Investors Asia Pacific (ex Japan) Large-Cap Equity FundQuilter Investors | Active | 2.63% | +27.9% | Pro | Pro | 0.80% | £404.5M | Free account |
| Hong Kong EquitySchroders | Active | 2.53% | −18.3% | Pro | Pro | 1.84% | £580.7M | Free account |
| Allianz China EquityAllianz Global Investors | Active | 2.38% | −11.7% | Pro | Pro | 2.30% | £300.2M | Free account |
| Invesco China Equity Fund (UK)Invesco | Active | 2.31% | −10.6% | Pro | Pro | 1.64% | £158.5M | Free account |
| JPMorgan Global Emerging Markets Income Trust plcJ.P. Morgan Asset Management | Not classified | 2.00% | +38.4% | Pro | Pro | 0.96% | £535.6M | Free account |
| Lazard Emerging Markets FundLazard Asset Management | Active | 1.90% | +22.9% | Pro | Pro | 1.04% | £1.8B | Free account |
| Global X MSCI China ETFMirae Asset | Passive | 1.82% | −17.9% | Pro | Pro | 0.18% | n/a | Free account |
| NT Emerging Markets Multifactor Select Equity FundNorthern Trust | Passive | 1.13% | +38.3% | Pro | Pro | 0.08% | £188.3M | Free account |
Weight is the share of each fund in this company. Returns are GBP, to month end. FE quartile compares a fund with its FE sector over the same year. Fund size is in GBP. Source: FE fundinfo. Past performance is not a reliable guide to future returns.
Technology equities tumbled with Nasdaq dropping nearly 6%, marking its worst session since April 2025. AI-related stocks declined sharply, dragging the S&P 500 down significantly.
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The Nasdaq suffered its worst day since June as investors dumped technology and AI stocks. Advanced Micro Devices fell 11%, Nvidia dropped 4%, and Broadcom fell 5% amid AI sector scrutiny.
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Counts events recorded in our market events log, not news volume. Information only, not advice.
Source: FE fundinfo. Holdings are each fund’s ten largest positions as reported, so a fund can have more of this company than shown or none at all. Returns are GBP to month end unless stated. Past performance is not a reliable guide to future returns. Capital is at risk. Information only, not advice or a recommendation.
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