Argonaut's Russ: China a bigger threat to Europe managers than Greece

Market turmoil in China will prove a greater problem for European equity managers than the ongoing travails of eurozone member Greece, according to Argonaut Capital's Olly Russ.

Russ, manager of the boutique's European Income and European Enhanced Income funds, said the Chinese market sell-off is "typical bubble behaviour" and suggested it could have a knock-on effect on other equity markets. He said the country's issues are more problematic for his peer group than those of Greece, despite the political exertions dedicated to Athens' latest round of protracted bailout negotiations. "[China is] much more significant than what is going on in Greece. It is typical bubble behaviour. Capital has not been allocated efficiently," he stated. However, the manager, ...