News Snapshot:
Goldman also said: “More importantly, we argue that the ‘China reopening trade’ is better characterised as a ‘China growth recovery’. TD Securities earlier this week noted that money has been flowing into emerging market funds, led by China, so far, this year. TD expects emerging markets to outperform as an asset class in the months ahead. In contrast, investment strategy firm BCA Research this week said it may pay to be cautious, saying China’s road to recovery is likely to prove rocky and that China’s efforts to bolster its economy will disappoint. “Global investors should sell Chinese assets on strength...
