CHINA - Active long or hedge fund-based investment strategies are the key to generating attractive returns from China in 2005, says Baring Asset Management.
BAM warns that while China related stocks appear lucrative in 2005, the market remains extremely volatile.
According to Khiem Do, manager of the Baring China Absolute Return Fund, an effective way of “playing Chinese growth” is to invest through either an actively managed long only equity fund of a long/short equity hedge fund.
BAM suggests success in China depends on a totally active performance-related strategy, based on: investing in growing Chinese companies, investing in Hong Kong-based companies and investing in companies from countries that export to China.
Do adds: “We concentrate on adding alpha rather than trying to chase beta and believe that investors benefit from BAM’s ‘big boutique’ approach, which facilitates disciplined investment, prudent business management, operational excellence and comprehensive risk management for all our products.”
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