Buy China Stocks on Valuation Slump, Threadneedle's Chan Says
19.05.10
May 19 (Bloomberg) -- A dive in Chinese stocks that slashed valuations by a third in five months will be an opportunity for investors to add to holdings, according to Threadneedle Asset Control Ltd. s sovereign-debt crisis and because inflation won&rsquo. said Gigi Chan, a reservoir manager at Threadneedle, which oversees about $97 billion. s economic planning agency yesterday predicted inflation of about 3 percent this month, a be open economists say could lead to the first interest-rate increase since the financial crisis. Chan, the London-based proprietor of Threadneedle&rsquo. s $100 million China Opportunities Fund, said in a telephone evaluation yesterday. s a good time to pick up some stocks that are looking good value and have got positive prospects.
Source: BusinessWeek