How would MM play a positive outlook towards China?

Hi Jeff,

This is certainly a case of dipping into the pain zone but after embattled fund manager Magellan (MFG) just described the space with a large degree of caution I can see why some sceptics are thinking is it time for a contrarian play i.e. things always look there worst near a bottom:

• …..from Magellan “I would just hold your horses because if you invest in China, you are still subject to regulatory risk, which is elevated, you’re still subject to geopolitical risk which is elevated, and you’re still subject to political risk, which is elevated,”

Back to your 2 specific questions:

1. What would be your 3 top stocks: we would keep this one simple and go with Alibaba (BABA US), Tencent (700 HK) and Ping Insurance (2318 HK) with the former traded in the US, at least for now, and the last 2 in Hong Kong. NB we own Alibaba in our International Portfolio from higher levels.
2. Which ETF appeals the most to give you the purest plays on China: MM likes the ASX traded VanEck Vectors FTSE China A50 ETF (CETF) which tracks 50 of the major stocks traded in mainland China.

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Alibaba Group (BABA US)

LAST UPDATED 16/12/2022 16:28

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Alibaba Group (BABA US)

LAST UPDATED 16/12/2022 16:28