The record fall for Chinese shares continued Monday. Nordea fund manager Jorry Fast Nøddekær take this opportunity to stock up, writes Dagens Næringsliv.
– This is a good buying opportunity if one is long term. I myself have many savings in China and I am becoming more and more positive the more the shares falls, he said.
Manager’s advice is to buy Hong Kong-listed shares, but steer clear of stocks listed on the mainland bourses Shanghai and Shenzhen.
– Hong Kong shares seems very cheap now. Shares in mainland traded in a cowboy-market and are very expensive. Here it is even more downside risk, says Nøddekær to DN.
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