BlackRock Investment Institute (BII) has said it is time for China to be considered “an investment destination separate from” emerging markets (EM) and developed markets (DM) and revealed it is breaking out Chinese assets from EMs “as distinct tactical allocations” for the first time in its 2021 mid-year outlook.
The asset manager's research division identified ‘China stands out' as one of three themes for the rest of 2021, alongside 'the new nominal' and 'journey to net zero'. It pointed out that China has come through "the Covid-19 shock stronger than global peers" and called the country "a distinct pole of global growth". Managers remain optimistic on China despite regulatory crackdown "China quickly bounced above its pre-pandemic growth trend, and policymakers have shifted to tighten policy and refocus on stabilizing leverage, with growth now slowing," BII stated in the mid-year report....
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
