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China slowdown has some US investors moving to consumer stocks

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Portfolio managers are rotating out of industrial and materials companies in favour of consumer stocks that provide something of a back door into investing in China such as Royal Caribbean Cruise Lines and Starbucks Corp.
BT_20150813_CPSLOW13_1822256.jpg
Portfolio managers are rotating out of industrial and materials companies in favour of consumer stocks that provide something of a back door into investing in China such as Royal Caribbean Cruise Lines and Starbucks Corp.

Boston

THE slowdown in the Chinese economy, which prompted the Chinese government to devalue the yuan currency on Tuesday, has already hammered the shares of US industrial companies.

Yet some contrarian US fund managers say there is still room to prosper by focusing on US companies