A top-performing emerging-market stock fund that sold off its China internet holdings last year is slowly rebuilding the exposure, citing improved tech earnings and Beijing’s friendlier policy toward private enterprise as reasons.

The $13.7 billion GQG Partners Emerging Markets Equity Fund began adding positions in Chinese platform companies in the second quarter this year and has raised the country’s weighting in its portfolio to mid-teens, according to Sudarshan Murthy, one of its portfolio managers. The weighting was about 12% at the end of June. That’s versus less than 11% as of March 31, according to data compiled by Bloomberg.

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GQG Fund That Exited China Internet Stocks Is Making a Comeback