Bolton: Perfect time to buy China as short-sellers move in

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Fidelity's Anthony Bolton has moved to reassure investors now is the perfect time to be in the Chinese markets, as hedge funds withdraw from the region and short-sellers move in.

Bolton (pictured) was addressing investors in his £510m Fidelity China Special Situations investment trust after the trust's annual general meeting this week.   He said short-selling in Hong Kong is at historic levels, recently hitting a 10-year high, while Asian hedge funds' exposure to China is at a low point. "People are generally cautious and are taking money out of China which, as a contrarian, I see as positive," he said. Bolton also pointed to local, private investors in Asia who tend to have only a small proportion of their portfolios invested in bonds and equities, with th...

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