Some Funds Refuse to Give Up on China Stocks as World Flees
- Chinese equities are very cheap at the moment: RBC Wealth
- More supportive government policies likely: UBS Wealth
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Sticking with Chinese stocks after some of the world’s worst losses is not an easy strategy to commit to, but that’s exactly what a few global money managers are planning to do.
UBS Global Wealth Management, RBC Wealth Management and GW&K Investment Management are among those still buying or recommending investments in the country’s beleaguered shares. Reasons include cheap valuations as well as the potential for policy to turn more supportive in the world’s second-largest economy.