Nordea EM manager: Chinese stocks can buck economic outlook

Nordea's Jorry Noddekaer is seeing an increasing number of investment opportunities in private Chinese companies, as the country's new leadership sparks a change in outlook.

His £890m Nordea 1 - Emerging Stars Equity fund allocates 7% to Chinese stocks, which he said is an overweight to the region relative to his investment model, which does not follow a set benchmark. The manager sees the new political leadership giving more freedom for companies free from state influence and minority shareholders, benefitting investors in these stocks. "I want to be a minority shareholder in companies growing at 12% [per annum]," he said. "We see great opportunities at a company level." Noddekaer likes companies in sectors like consumer products, social media, e-comm...