Newton Investment Management funds have been adding to positions hit hard by the sell-off linked to the coronavirus, with the firm anticipating a "significant bounce back" in Chinese growth when the health crisis is brought to an end, according to CIO Curt Custard.
Despite market fragility as a result of the coronavirus, which is expected to restrict Chinese GDP growth by 1% to 2% in Q1 2020, the BNY Mellon Investment Management boutique is "seven-out-of-ten" bullish on risk assets, which would only be impacted by a sudden change in direction on central bank monetary policy, Custard explained. S&P forecasts hit to China's economic growth in 2020 from coronavirus The coronavirus sell-off saw the MSCI China fall by nearly 10% between 15 January, when the World Health Organisation issued its official statement, and 31 January. Having since recov...
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