China Stocks Too Cheap to Ignore for JPMorgan Asset, Invesco
- ‘It is probably good to go a bit overweight’ on China: Ebrahim
- Invesco fund favors tech names including Alibaba and Tencent
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The bearish tide against Chinese equities is growing, but for some money managers the stocks are value for money.
JPMorgan Asset Management is adding more Chinese shares to its portfolio on bets that the market’s inexpensive valuation and the government’s support for the economy will bolster returns. Invesco Asset Management Ltd. is overweight the stocks, and favors top tech names such as Alibaba Group Holding Ltd. and Tencent Holdings Ltd.