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对话海外资管:马里奥·加贝利等海外投资人为何坚定看好中国

Dialogue on overseas Investment Management: why overseas investors such as Mario Gabelli are firmly optimistic about China

證券市場紅週刊 ·  Oct 4, 2021 10:00

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When some large overseas funds list the Chinese market in the American market, it represents that the Chinese market is already a high-quality market favored by overseas funds.

In an exclusive interview with Red Weekly in June, Stefano CHAO, president of Azimut Group China, said that since last year, many overseas institutions and individual investors have increased their allocation of Chinese A + H shares.

Zhao BailingIt is believed that whether in the short term or in the long term, China has the highest efficiency in controlling the epidemic, and the transformation of the economy to high-quality development proves the super resilience of China's economy, which contains rich investment opportunities. The pharmaceutical and technology sectors account for the highest proportion of Anzhong's China portfolio. He said that they are still looking for a wide range of opportunities. "compared with developed countries, there are more alpha opportunities in China's capital market."

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In July, when Red Weekly spoke to Hu Yifan, investment director of UBS Wealth Management Asia Pacific, she said that China is increasingly becoming a preferred investment market for global investors.

Hu Yifan also described the changes he had experienced. More than a decade ago, the Chinese equity assets favored by global investors were financial stocks and liked to buy banks. Now, the two favorite sectors of global investors: one is China's technology, and the other is China's consumption. Many of China's Internet leaders have become the standard allocation of global funds.

It should be noted that the continuous emergence of excellent Chinese companies is an important basis for foreign investors to be optimistic about the Chinese market.If Chinese companies want to continue to get foreign attention, they should not only create profits, but also do a good job of ESG.

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With the leap of China's scientific and technological innovation capability, the competition between China and the United States in the field of science and technology will be more fierce in the next decade. In response, Wu Guangzhang, chief investment officer of Asian asset management company Evan Huang Asset Management, said in an exclusive interview with Red Weekly that this competition could become a catalyst. In turn, it has spawned unprecedented new companies and even unicorns. "both China and the United States will invest a lot of money to strive for a leading edge in advanced technology. This will bring exciting investment opportunities.

In Wu Guangzhang's view, the current mature scientific and technological leaders, such as Tencent, BABA, JD.com, XIAOMI, and Pinduoduo, still have a broad moat. Outside of science and technology, there are many opportunities in health care and high-end consumption in China.

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Trillion asset management giant T. Rowe Price is paying more attention to Chinese technology companies, which have invested more than $40 billion in listed companies at home and abroad.

This yearIn an exclusive interview with Red Weekly in May, Liu Lu, a Placi equity fund manager, said that when they invested in Tencent a few years ago, they came to a conclusion: "the Chinese market is so big that the opportunity is not worse or even better than abroad."

In her view, Chinese science and technology leaders at home and abroad have recently performed well this year, and have undergone certain adjustments so far this year, which is likely to provide a buying point. The current valuations of leading technology companies such as BABA, Tencent, Pinduoduo and Meituan are attractive.

The translation is provided by third-party software.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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