China could be investment opportunity of a lifetime - SIG

China could prove to be the investment opportunity of a lifetime over the longer term, Skandia Investment Group (SIG) CIO James Millard believes.

Millard says he expects China's rapid growth over the last few decades to continue for the foreseeable future and for China to become a core holding for private investors over the next few decades. SIG's $360m Skandia Greater China Equity Fund, which is managed by First State Investment Management, has returned 64.65% over the past year to 31 March. "Projections suggest China will become the world's largest economy over the next few decades, and may overtake Japan to become the world's second largest this year," Millard says. "If this forecast turns out to be true, then it is likel...