Fund managers see opportunity in beaten-down Chinese stocks as economic green shoots emerge
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UBS and Lazard fund managers see the current valuations as a good entry point for Chinese stocks amid signs of economic recovery.
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Recent data shows green shoots in China's economy - factory activity returned to growth in November, deflationary pressure easing.
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MSCI China Index has declined 12% this year, pulling valuations to lowest since 2018, presenting an opportunity.
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Invesco and Fidelity managers also predict an end to years of market losses as recovery takes hold.
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UBS betting on state firms, AI, energy; Lazard more optimistic on e-commerce, healthcare given cheap valuations.