Angst Grows for Global Funds Seeking a Floor in China Stocks
- Better bets seen elsewhere than battered mainland shares
- BNP Paribas, Mobius more confident on non-China stocks
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Intervention by state funds and cheapening valuations for Chinese stocks after they plunged into a bear market are not proving enough to calm nerves for some global money managers.
BNP Paribas Asset Management, Mobius Capital Partners LLP and GAM Investment Funds SA remain cautious about mainland stocks, according to interviews with fund managers at the firms this week.