A great year to own shares
Chinese brokers have delivered total returns of 30-60% which is no mean feat
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WHAT a year it has been. Who would have thought that stock markets in 2019 would have turned out the way they did? Instead of being on the back foot, as many had predicted, most shares around the world have ended the year higher than at the start. This is despite persistent expectations of a global recession caused by a pointless and un-winnable trade war between America and China.
If there is one thing that we have learnt from this sorry episode, it is that trade wars are not easy to win. Admittedly, China's economic growth rate has slowed. But so too has America's, which has emboldened the prophets of gloom. What's more, many risk-averse investors, have been tempted, if not badly advised, to jump in and out of the stock market on the flimsiest of news. Analysts call it a risk-on, risk-off strategy. They have a catchy name for just about everything.
Hunting for grubs
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