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Amundi Turning Bullish on China Stocks, Still Cautious on Tech

  • Any new vaccine, reopening steps to be game changers: Mortier
  • Also sees opportunities in China’s high-yield credit space
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WATCH: This week’s survey is focused on the Chinese economy, what investors anticipate on covid-zero policy & its impact on markets.Source: Bloomberg

Investors should be ready for China’s stocks to outperform as potential positive catalysts loom, according to Europe’s largest asset manager Amundi SA.

The firm is turning more bullish on the country’s equities market after trimming exposure during the first quarter’s harsh selloff, according to Vincent Mortier, Amundi’s chief investment officer. Key developments to watch include the potential rollout of a homegrown mRNA Covid-19 vaccine and any reopening steps taken around the Party Congress later this year, he said.