ICBC-Axa Life says PE funds could be a 'buy' next year
The Shanghai-based joint venture favours private equity funds in both onshore and overseas markets in its search for higher yields. But the investment comes with certain risks.
Next year could be an ideal time for Chinese investors to invest in private equity funds, including those offshore, with yields likely to compensate for the added exchange rate risk as liquidity conditions tighten onshore.
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