Credit Suisse: China’s new middle class overtakes US
China has overtaken the US as the nation with the largest number of middle class adults in the world, according to a Credit Suisse report.
China
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Chinese ETFs see unprecedented capital inflows
While money market ETFs are losing their attractiveness due to near zero interest rates in most parts of the world, they are popular in China as the recent stock rout has investors turning to fixed-income products for safety.
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Finisterre hires ex-Axa boss for new EM debt strategy
A former Axa investment manager has joined Finisterre Capital to spearhead its newly-established emerging market debt strategy.
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ANALYSIS: Playing the contrarian post China rout
With global equities return forecasts reasonable at best, a dearth of exciting ideas may leave investors looking for contrarian plays.
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UBP on China: Sit tight as investor confidence heals
Investors in the China stock market should sit tight and wait for consumer confidence to heal, said the portfolio manager for UBP Asset Management’s China A-share fund.
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Advisers see China recovery, India favoured
One in two financial advisers using Cofunds is anticipating a Chinese market recovery, but India looks more promising, according to research from the platform.
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Fund houses wary of China reform
China has been under scrutiny over the past few weeks, and it seems industry sources have a growing concern over the government’s economic reform efforts.
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Aberdeen prepares for China move, say reports
Aberdeen Asset Management looks set to become the first British fund manager to be licensed to operate in China, as a deal with Beijing authorities is expected to complete this week.
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China to hit European stocks over medium term
S.W. Mitchell Capital’s Stuart Mitchell and Jamie Carter expect up to five years of continued underperformance from European stocks exposed to China and are holding firm with their underweight position.
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Old Mutual Int’l sees surge in trade after China market chaos
Old Mutual International has seen the trading volume on its platform more than double following the recent stock market turbulence in China.
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Lion Global and OCBC Bank unveil Asia private equity fund
Singapore-based fund house Lion Global Investors has worked alongside OCBC Bank to build a private equity fund which invests in small and medium-sized companies in Singapore, Malaysia, Indonesia and China.
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Stock pickers find China bargains in the mess
The ongoing volatility in Chinese shares, triggered by concern over the country’s growth prospects, has reduced valuations to a point that is creating opportunities for stock pickers, according to some fund managers.