Several firms have joined the stable of China bulls, but SSGA has moderated its views on China equities due to macro-economic concerns.
Tariff escalation and alleged espionage by China are raising significant concerns for Value Partners, JO Hambro and UBP.
Trade tensions between China and the US will not hit equities across the board, according to Union Bancaire Privee (UBP) chief investment officer, Norman Villamin, who advises allocating to beneficiaries of reflation policies.
Investors should stay invested during the late stage of the bull cycle despite increasing market volatility, according to Hu Yifan, regional chief investment officer at UBS Global Wealth Management.
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Despite trade tensions, DWS remains overweight China equities and is eyeing India because domestic investors are pouring capital into their local markets, said Sean Taylor, the firm’s chief investment officer for Apac and head of emerging market equities.
US trade actions against China are actually targeting China’s 2025 project, a government initiative intended to move the mainland up the tech value chain, according to Victoria Mio, the firm’s chief investment officer for China.
Value Partners’ fund manager Frank Tsui said the tariffs may lead to near-term market volatility, creating some buy-on-the-dip opportunities.