Dec
03
A $5 Billion Fund Manager Says Fears of China Are Overblown
By-
Nordea’s Emerging Stars fund holds Samsung, Tencent, Alibaba
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Fund has delivered annual return of 11% in past five years
When investors get nervous about the Chinese markets, it’s an opportunity for some to snap up stocks in the country’s emerging global powerhouses.
A lot of the worries about China and its financial system are “exaggerated”, according to Jorry Noeddekaer, the head of emerging markets at Nordea Asset Management in Copenhagen…
