Renowned stockpicker Anthony Bolton, manager of the Fidelity China Special Situations investment trust, highlights three top holdings he expects to thrive over the medium term.
CNinsure This is a US-listed China company and it is the largest listed insurance broker in the country. Insurance is very under-penetrated in China, so the insurance market is growing quite strongly. The interesting thing is most of this is done direct between the buyer and the company. Brokers are developing from a small base, they are growing faster than the market overall. So you get this double growth, you get the growth of insurance and you the growth of insurance that is intermediated by buying the brokers. CN Insure has about 50,000 agents today; over the next few years they...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
