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Stay cautious on China, bullish on Japan: Eastspring
Russia should not be discounted despite instability in Ukraine
Published Tue, Jul 29, 2014 · 10:00 PM
EVERY day, fund manager Nicholas Ferres asks himself if today is the day to buy China. So far, his conclusion is: not yet.
Even as China stocks look cheap and are rallying, the investment director at insurer Prudential's asset management arm, Eastspring Investments, is staying cautious.
"You probably want a bigger capitulation. We had a grinding de-rating," he said.
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