Former Bank of America Economist, and now Director at G-SAM( Goldman Sachs Asset Management), Jim O’Neill likes Chinese equities.
In an interview with CNBC O’Neill said “At this moment, the Chinese market looks the most attractive to me. You don’t want to be with consensus; it’s quite easy to be on the wrong side of things”. O’Neill cites valuations and the Shanghai Index’s weak performance as a buying opportunity not seen in close to 3.5 years.
O’Neill goes on to recommend taking this opportunity to invest in all sectors that stand to benefit from a rising Chinese middle-class.
Excel’s China Fund, which invests in mainland Chinese equity markets and Hang Sang listed names, makes a compelling investment vehicle from a rising Chinese middle-class and offers broad diversification, regional specificity and active/ experienced on the ground money management.
Written by Jack S.