As China’s bourses saw sharp revisions recently, some investors have swooped to buy stocks in quality companies at low price points.
Chinese shares fell to a six-month low last week over concerns of a liquidity drain in the world’s second-largest economy. Investors have so far pulled 834 million U.S. dollars from stock funds focused on China, according to data from EPFR Global, a global fund flow tracker.
Bucking the trend, some investors increased holdings in quality enterprises, citing a constructive macroeconomic and earnings outlook, according to survey results released by the Shanghai Securities Journal on Saturday.
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Xinhua via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/JtKZH3z2SKo/
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