New Star's Beattie keeps faith with China

A wall of money is set to hit the Chinese equity markets in the next two years as the Government beg...

A wall of money is set to hit the Chinese equity markets in the next two years as the Government begins to spend its vast economic reserves, according to New Star’s Ian Beattie. He dismisses fears the market looks overvalued, claiming the Chinese government will create Sovereign Wealth Funds and incentivise private investors to buy in the next couple of years. New Star’s head of Asian equities and manager of the Pacific Growth fund believes the Central Bank of China will follow in the footsteps of Japan, which similarly dumped its reserves into markets after the country’s post-war recov...