Sep
02
Smart Money Sees China Bear Market Lasting: JPMorgan Survey
By-
Majority in JPM survey predict gains won’t exceed 15 percent
- Chinese investors less optimistic on returns in rest of world
China’s institutional investors aren’t counting on recouping this year’s equity losses any time soon, according to a JPMorgan Asset Management survey last month.
While the majority of the 200 respondents said onshore stocks will rise in the next 12 months, some 80 percent predict gains won’t exceed 15 percent. That’s not much of a rebound when you consider the CSI 300 Index is down 18 percent this year in what’s set to be its worst annual performance since 2011. Almost a third called for further declines, according to the poll of fund distributors in Beijing and Shanghai…
