LONDON ¨C Global investors are preparing to stake bets on China again in a major sentiment shift sparked by Beijing¡¯s drive to reverse its economic slowdown and revive long-term interest in its stock market.
It is early days and few money managers expect a Chinese growth boom anytime soon. But government moves to entice more cash into equities and jolt consumer spending have boosted the appeal of still-low Chinese company valuations, said investors at groups overseeing more than $1.5 trillion of client funds between them.
¡°We¡¯re going to be very disciplined but in aggregate we feel there¡¯s more upside than downside,¡± said Gabriel Sacks, emerging market portfolio manager at Abrdn, which manages ?506 billion ($677 billion) of assets.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.