Chinese stocks are a buy even without a trade deal, says top emerging market fund manager

  • 📰 CNBC
  • ⏱ Reading Time:
  • 58 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 72%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

The outlook for Chinese stocks may be risky. But Lewis Kaufman, a portfolio manager at Artisan Partners, thinks investors should buy them anyway.

"Regardless of what ultimately happens with the China trade tensions, there is a robustness to China that doesn't exist anywhere else in the emerging markets," says Lewis Kaufman, manager of the Artisan Developing World fund.

The fund has benefited from Kaufman's bullishness on China. The five-star rated fund has outperformed 98% of its peers over the past three years, returning more than 15% to investors, Morningstar data shows.Employees arrange bottles of Moutai baijiu at the Kweichow Moutai factory in the town of Maotai in Renhuai, Guizhou province, China, Dec. 14, 2017.The outlook for Chinese stocks may be risky given the uncertain state of U.S.-China trade relations.

"Regardless of what ultimately happens with the China trade tensions, there is a robustness to China that doesn't exist anywhere else in the emerging markets," Kaufman told CNBC in a phone interview. "We want to be leveraged to that." "There's an ecosystem for capital formation. It's very difficult to access domestic demand through the vehicles we would wish to use in so many emerging-market countries," Kaufman said. "But in China, if I want to buy into a health-care company, I have 10 choices. If I want to buy into an internet company, there are lots of choices.", has benefited greatly from his bullishness on China.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Friends of the evil, enemy of the people.

Pump and dump!!!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Emerging market currencies likely have seen the best of 2019: Reuters pollMost emerging market currencies have probably seen the best of a lukewarm year a... Ameen. Lots of love and wishes to for your whole family That's trump when he hears about the stock market and money
Source: Reuters - 🏆 2. / 97 Read more »

Here’s an age-based look at when you should buy stocksInstead of trying to buy stocks based on market ups or downs, determine the time horizon for when you’ll need to draw down on these funds to cover your retirement expenses.
Source: CNBC - 🏆 12. / 72 Read more »