EFGAM's Mok: There is no value left in Chinese A-shares

Anna Fedorova
clock

There is no longer any value in the Chinese A-shares market, according to EFG Asset Management's China fund manager Mansfield Mok.

Mok (pictured), who runs the $302m (£206m) New Capital China Equity fund, said China’s mainland stock exchange is not offering attractive opportunities, despite the hype around the Stock Connect programme. This launched in November with the aim of linking the Hong Kong stock exchange to the mainland Shanghai market in the most substantial opening of the Chinese mainland market to foreign investors to date. But Mok noted the frenzy of activity after its launch has driven up prices – Chinese A-share valuations shot up between November and January, with even value stocks such as financia...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Emerging markets

European-focused investment grade and high yield credit have highest inflows since April 2020.

Fixed income dominates ETF flows in July

Accounted for $32.5bn

clock 08 August 2022 • 2 min read
Industry Voice: Mapping China's recovery

Industry Voice: Mapping China's recovery

2021 was a record year for dividends around the globe Our EMEA ETF Investment Strategy team believes that while Chinese equities may need to consolidate in the short-term, the recovery since the March 2022 low remains on track.

Franklin Templeton
clock 03 August 2022 • 3 min read
Tom Baird of Redington

Emerging markets ex China - is this the future?

Separate allocation

Tom Baird
clock 26 July 2022 • 4 min read
Trustpilot