Subscribers

Stay cautious on China, bullish on Japan: Eastspring

Russia should not be discounted despite instability in Ukraine

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.

He is instead bullish on Japan because of fundamental reasons when comparing the two countries. Profitability and free cash flows are rising...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes