Top Stock Pickers Seek Gains in China Energy, Japan Real Estate
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Asia’s top-performing fund managers are seeking opportunities in battered Chinese stocks and turning selective on the hot artificial intelligence theme as the region comes off a tough year.
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Published Jan 05, 2024 • 4 minute read
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(Bloomberg) — Asia’s top-performing fund managers are seeking opportunities in battered Chinese stocks and turning selective on the hot artificial intelligence theme as the region comes off a tough year.
The MSCI Asia Pacific Index hugely underperformed global peers in 2023, with its 9% rise less than half the S&P 500’s advance. The global backdrop now looks more favorable. The Federal Reserve’s much-anticipated interest rate cuts are poised to add tailwinds while expectations are growing for Chinese equities to bottom out.
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Bloomberg News
2024-01-05 19:17:29
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