Bolton: Perfect time to buy China as short-sellers move in

Fidelity's Anthony Bolton has moved to reassure investors now is the perfect time to be in the Chinese markets, as hedge funds withdraw from the region and short-sellers move in.

Bolton (pictured) was addressing investors in his £510m Fidelity China Special Situations investment trust after the trust's annual general meeting this week.   He said short-selling in Hong Kong is at historic levels, recently hitting a 10-year high, while Asian hedge funds' exposure to China is at a low point. "People are generally cautious and are taking money out of China which, as a contrarian, I see as positive," he said. Bolton also pointed to local, private investors in Asia who tend to have only a small proportion of their portfolios invested in bonds and equities, with th...