China Gloom Made Some Assets ‘Ridiculously Cheap,’ Aimco Says
- Aimco, which has $118 billion, opened new Singapore office
- Some Canada pensions have paused direct China investments
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Assets with exposure to China look “ridiculously cheap” and Alberta’s investment manager plans to boost such holdings outside the country to take advantage of depressed valuations, its chief executive officer said.
“If you can find opportunities to participate in the growth in China, without actually being in China, those are potential mispricing opportunities,” Alberta Investment Management Corp. CEO Evan Siddall said Tuesday during an event in Toronto. “My guess is that we’ll probably position ourselves in economies around those markets that are interesting.”