China funds spur equity allocations

China funds spur equity allocations

For the next three months Chinese fund managers increased their suggested equity exposure because key indexes pierced major resistance, while market sentiment gained on further indications of an expanding Chinese economy, as a monthly Reuters survey revealed.

The recent market soar was spurred by sturdy corporate earnings, which have increased hopes that economic momentum are going to remain firm enough through the rest of 2017, thus defying analysts' hopes for a gradual slowdown.

Market sentiment was also backed by indications that Beijing is actually stepping up efforts to restructure China’s lumbering and usually inefficient state-owned enterprises by simply giving the green light to more public as well as private investment in the long-protected sector.

The fund managers increased their suggested equity allocations to about 76.9%, from the previous month’s outcome of 75%, according to a survey of eight China-based fund managers for this week.

 

Similar

American import prices rally a bit

In April, American import prices surged less than anticipated in April due to the fact that jumps in the cost of food and petroleum were tamed by the largest tumble in the price of capital goods for a decade, dropping a hint at the fact that inflation…

Latest news

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera