China woes fail to dent Fidelity’s positive outlook on equities
After the worst monthly net outflows from Chinese equities in two years, one of the world’s biggest fund managers, Fidelity, is bullish on the country.
China does not look like a great place to invest at the moment, with a rapidly spreading COVID-19 outbreak affecting cities and economic districts accounting for about 20 per cent of GDP.
This problem is likely to get worse before it gets better simply because the country’s zero COVID-19 strategy has been so successful.
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Tony Boyd is the former Chanticleer columnist. He has more than 35 years' experience as a finance journalist. Connect with Tony on Twitter. Email Tony at tony.boyd@afr.com
