IP’s Shiao backs consumer staples, talks Chinese debt
Invesco Perpetual’s Asia ex Japan CIO Mike Shiao is backing consumer staples on confidence in the Chinese government’s ability to slacken the pace of its growing debt to GDP ratio.
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Chinese equities
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Money still leaving China-focused funds
One year after the surprise yuan devaluation and subsequent market crash, $4.5bn has flowed out of funds focused on China equities, according to data from Morningstar.
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Ashmore launches flexible, dedicated China fund
The Ashmore All Chinese Equity Fund launched today, Ashmore said on Monday.