While some fund houses choose to be cautious on China due to what they consider to be stretched valuations in that market, Mirae Asset Global Investments believes that now is the time to invest in the mainland. Mirae's strongest argument for its bullishness is the expectation that China's economy is set to recover and achieve above 8% gross domestic product (GDP) growth in the second half of 2009.
Byung Ha Kim, associate director at Mirae Asset and lead portfolio manager for the $182 million Mirae Asset China Sector Leader Equity Fund believes the investment opportunities in ...