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13-03-2018, 01:57 PM
$103 Billion Quant Firm Piles Into China as Foreigners Welcomed
By Ben Bartenstein
March 13, 2018, 8:00 AM GMT+8
The world’s No. 2 stock market is ripe for a quantitative style of investing, according to a $103 billion money manager that lists a cement maker, pharmaceutical brand and bank as its top picks in China.
"The Chinese market is very compelling," Asha Mehta, who oversees emerging markets at Acadian, said by phone from Boston. "The cornerstone of China’s strategy has been growth and economic liberalization."
Acadian is launching a strategy to buy into China’s $7.9 trillion domestic stock market, which has become more accessible to foreigners in recent years thanks to trading links between the two biggest exchanges and Hong Kong. The money manager favors consumer stocks such as Jiangxi Wannianqing Cement Co., Harbin Medisan Pharmaceutical Co. and Bank of Jiangsu Co. that should benefit from rapid industrial growth and attractive equity valuations.
More details in https://www.bloomberg.com/news/articles/...s-welcomed
By Ben Bartenstein
March 13, 2018, 8:00 AM GMT+8
The world’s No. 2 stock market is ripe for a quantitative style of investing, according to a $103 billion money manager that lists a cement maker, pharmaceutical brand and bank as its top picks in China.
"The Chinese market is very compelling," Asha Mehta, who oversees emerging markets at Acadian, said by phone from Boston. "The cornerstone of China’s strategy has been growth and economic liberalization."
Acadian is launching a strategy to buy into China’s $7.9 trillion domestic stock market, which has become more accessible to foreigners in recent years thanks to trading links between the two biggest exchanges and Hong Kong. The money manager favors consumer stocks such as Jiangxi Wannianqing Cement Co., Harbin Medisan Pharmaceutical Co. and Bank of Jiangsu Co. that should benefit from rapid industrial growth and attractive equity valuations.
More details in https://www.bloomberg.com/news/articles/...s-welcomed
Specuvestor: Asset - Business - Structure.