Top fund manager bets big on China firms

BOSTON: Jerry Jordan, one of the top-performing US growth fund managers over the past three years, says he's sold all his holdings of Apple and Google because their stock prices had gotten too expensive.

In fact, he is shunning virtually all technology stocks based in the United States and Europe. Instead, he has piled into what he considers the new darlings of the market: Chinese tech companies including NetEase.com and Sohu.com.

"The growth is much faster, it's much more of a green field opportunity," says Jordan, 43, during an interview from his spacious Boston office that includes room for four traders and a view of Boston Harbor.