Overseas Pros Worry Nobody Has an Edge Trading China Anymore
- Investors are getting a wake-up call on risks of China
- U.S.-traded ETFs of Chinese stocks tumbled in Tuesday trading
Pedestrians outside the NYSE.
Photographer: John Taggart/Bloomberg
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The Chinese market rout is forcing money managers around the globe to re-assess the investment case for the world’s second-biggest economy.
Whether it’s economic growth or the regulatory landscape, professional investors say it’s all become a lot harder to predict, and it’s adding a new dimension of risk to global markets. To Ameriprise Financial Inc.’s Anthony Saglimbene, the long-term potential of China doesn’t look like it’s worth the risk anymore, while Kairos Partners’ Alberto Tocchio counted himself lucky for deciding to sell a few days ago.