Higher visibility of profitability! Outperforming 97% of peers, fund managers bet on shipping stocks, stating that AI trading increases risks.

Zhitong Finance and Economics App learned that a Hong Kong hedge fund that has outperformed its peers stated that, considering the risk of excessive spending by technology companies, shipping stocks are more worth betting on than artificial intelligence (AI). HD Capital Ltd., a flagship fund under it, had allocated 11% of its investment portfolio to the oil transportation sector as of April, and 6.1% to shipbuilding companies, making it the fund's largest holding direction. According to industry data provider With Intelligence, this multi-asset fund with a size of 200 million US dollars has outperformed 97% of its peers both this year and over the past five years.