Finance Associated Press, January 2 (edited by Liu Rui).According to Bloomberg's latest Markets Live Pulse (MLIV) survey, a survey of 417 respondents in the last two weeks of late 2023 showed that nearly one-third said they would increase their investment in China** over the next 12 months.
This is an increase from the beginning and middle of 2023. This compares with just 19 percent in a similar survey in August last year and 25 percent in a survey in March last year.
Investment institutions, including Invesco and Pzena Investment Management, have said that they will increase their holdings in China in the future.
China is a market that has been left out in the cold, which allows us to say Vivek Tanneeru, a portfolio manager at the relatively cheap *** Matthews Asia in San Francisco.
Tanneru has increased his exposure to China** in two emerging markets portfolios he manages.
Recent research by Goldman Sachs Group Inc. shows that the relative outperformance of markets such as India and Brazil in 2023 means that allocations to China are close to 10-year lows. Another survey by Bank of America shows that China** is the most underweight in Asian markets, which means there is more room to increase holdings.
Nicholas Ferres, chief investment officer at Singapore's Vantage Point Asset Management, said the continued sell-off in China** has taken its share price out of fundamentals.
From 2021 to 2023, the CSI 300 index has been lower for three consecutive years. Ferres saidChina has seen negative growth for the third year in a row, indicating market aversion, which may be the opposite signal. His ** increased his position in Chinese tech stocks in October last year.
The MLIV Pulse survey revealed:Potential factors boosting China include looser monetary policy, as well as supportive buying more。Other potential boosters include a tangible improvement in consumer confidence and an easing of geopolitical tensions between China and the United States.
"One possible upside surprise for China is whether there will be some kind of fiscal support for residents, which is the part of the economy that continues to be weak," said Ned D**is Research's GrindelYou need to see the growth momentum accelerate over a period of time because investors have already suffered losses in the past. ”
Finance Associated Press Liu Rui).