Investing in China: 11 Reasons Why & 5 Ways to Buy
Investing in China: 11 Reasons Why & 5 Ways to Buy
by Louis Basenese, Advisory Panelist, Investment U
Associate Investment Director, The Oxford Club
Wednesday, January 14, 2009: Issue #915
It’s time to make a big bet and begin investing in China.
I know. It’s not exactly a popular stance. And the smart money is doing exactly the opposite. Or so it appears…
Yesterday, the Royal Bank of Scotland hit up the China ATM for a $2.37 billion withdrawal. It sold its entire 4.3% stake in Bank of China. And a week ago, Bank of America cashed out part of its stake in China Construction Bank Corp. for an estimated $2.83 billion.
Making matters worse, the MSCI China Index lost a record 53% last year. It’s counter-intuitive and near impossible to rationalize adding money to a losing investment…
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