The best advice to give investors looking at the carnage in world financial markets, which on Monday saw their sharpest falls since the global financial crisis, is to do nothing, according to Dominic Rossi of Fidelity Worldwide Investment.
Tag: China
Sour EM sentiment is behind market turmoil
Bad news from emerging markets is behind the wider market stress, not China, which continues to have strong fundamentals, according to two fund houses.
A few bulls left after China shock
Apple’s 11% decline led the fall as US stocks followed Europe and Asia down. But amidst the selling there were some asset allocators that saw more reasons for positivity than for panic.
Some QDII funds facing shutdown
Manulife Teda will decide on liquidation of its QDII, highlighting the general underperformance of the QDII vehicle.
China this week – Fund Analysis
A roundup of the week’s asset management industry news from mainland publications.
MGIM: Weaker yuan a tool to fight deflation
China’s recent move to weaken the currency was not to boost exports but to address the governments worries over deflation, according to Momentum Global Investment Management.
OMGI gives more latitude to Asia allocations
When the numbers are crunched, it’s clear that Asia has been providing alpha, said Justin Wells, investment director at Old Mutual Global Investors.
Yuan SDR inclusion delayed to 2016
The IMF confirmed that it would delay a review of the yuan’s inclusion in its special drawing rights currency basket to September 2016, despite China’s latest move to relax control of the yuan exchange rate.
Survey: Income investing top priority in Asia
Asian investors seek income products but are too focused on “familiar income-producing asset classes”, according to a Legg Mason survey report.
China’s soft landing fund
Even the top five performing China funds dropped during the market correction, but one product from Allianz clearly had less downside.
