Pictet Wealth Management returns to Chinese stocks after 18-month hiatus

HONG KONG : The wealth management arm of Swiss bank Pictet Group is buying Chinese equities again more than 18 months after it shunned the asset class, joining other foreign investors dipping back in as they bet on improving economic prospects and less regulatory intervention.

Pictet had moved out of Chinese equities in December 2020 because of rising uncertainties relating to slowing economic growth as well as a regulatory crackdown on the country's technology sector, Tavazzi said. Pictet's allocation to Chinese equities remain small so far, accounting for one quarter of exposure to emerging markets assets in managed portfolios, Tavazzi said. Chinese stocks have a weighting of around one third in the MSCI Emerging Market benchmark.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Malaysia end-June palm oil stocks climb to seven-month high as exports dragKUALA LUMPUR : Malaysia's palm oil stocks at end-June rose to their highest in seven months as its exports were throttled by rival Indonesia's policies to boost its own shipments, industry regulator data showed on Tuesday.Inventories in Malaysia, the world's second-largest producer, rose 8.76 per cent fro
Herkunft: ChannelNewsAsia - 🏆 6. / 66 Weiterlesen »