China's Stocks in `Solid Bull Market,' May Gain 20%, Cabot's Lutts Says
China’s stocks are in a “solid bull market” and the nation’s indexes may rise 20 percent in the next six months, according to Robert Lutts, president and chief investment officer of Cabot Money Management.
“I like growth in the economy, I like valuations and I think profitability will be very strong,” Lutts, based in Salem, Massachusetts, wrote in e-mailed comments. “I now have a large weighting in China.”
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