China still on top, but not everyone's a fan

Mar 1, 2009

A survey conducted by HSBC of 12 of the world's largest fund houses shows most of them are overweight in China, but there are those like Aberdeen that are still very cautious.

More fund managers polled by HSBC have turned bullish on Greater China equities in the first quarter of 2009. That doesn't come as a surprise because many fund managers with Asian portfolios have been shifting their focus to China since the latter part of the year, notably after the mainland announced its Rmb4 trillion ($586 billion) stimulus plan in November. Not all fund houses are convinced, however, and Aberdeen Asset Management is among those with serious concerns over the prospects of growth in China.

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