The best Chinese stock values these days are in Taiwan, where dividend yields lead Asia’s 10 biggest markets and economic growth matches the mainland, said Chris Ruffle , manager of the island’s best-performing mutual funds.
China’s stocks are a buying opportunity as the government is unlikely to step up measures to slow the world’s third-biggest economy at a time the European crisis is deepening, according to Morgan Stanley.
China’s stocks rose for the third time in four days as commodity prices rallied on the prospect of increased demand from the world’s third-biggest economy, boosting the profit outlook for shipping and resource companies.
Martin Currie Investment Management Ltd., an Edinburgh-based fund manager, posted a loss last year for the first time since it was founded in 1881 after clients withdrew money amid misconduct at a China fund.
Martin Currie Investment Management Ltd., an Edinburgh-based fund management group, was fined about $14 million by finance regulators in the U.S. and U.K. for manipulating a client to aid a hedge fund the firm managed.