Argonaut's Russ: China a bigger threat to Europe managers than Greece

clock

Market turmoil in China will prove a greater problem for European equity managers than the ongoing travails of eurozone member Greece, according to Argonaut Capital's Olly Russ.

Russ, manager of the boutique's European Income and European Enhanced Income funds, said the Chinese market sell-off is "typical bubble behaviour" and suggested it could have a knock-on effect on other equity markets. He said the country's issues are more problematic for his peer group than those of Greece, despite the political exertions dedicated to Athens' latest round of protracted bailout negotiations. "[China is] much more significant than what is going on in Greece. It is typical bubble behaviour. Capital has not been allocated efficiently," he stated. However, the manager, ...

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 Europe

The UK accounted for €4bn in net UCITS sales in April.

Monthly outflows persist across equity UCITS and AIFs in April

Improved from €42bn outflow in March

clock 27 June 2022 • 1 min read
Brian Raven, Tavistock chief executive

Tavistock revenues jump 14% amid year of acquisitions

Bought LEBC research firm

clock 27 June 2022 • 1 min read
Equity funds managed to stay in positive territory with €2.9bn of new net subscriptions

Morningstar: European fixed income funds suffer €16.5bn net outflows in May

Equity funds remained in positive territory

clock 23 June 2022 • 1 min read
Trustpilot