JPM spies chances in Chinese stock volatility

JPMorgan says Chinese market volatility is creating attractive entry points for investors.

The £104m Chinese Investment Trust manager Howard Wang adds Chinese GDP will increase by almost 10% this year, despite current uncertainty caused by the tightening of monetary policy. "We agree that the market may be volatile in the short term as concerns are raised over the ending of easy monetary policy in China," he says. "However, we believe that market volatility will offer attractive entry points to investors, as the long term structural growth of China remains strong." Sectors he favours include financials, property, consumer, technology and commodities while Wang is underwe...