No Surprise As China Fund Manger At SGAM Says, ”Buy China“

Growth seeking investors can’t afford to ignore China according to Winson Fong, manager of SG Asset Management’s Sogelux Equities China Fund. “The size of the Chinese economy surpassed Italy to rank 6th in 2002. It has 12% market share in US imports and attracts US$ 50 billion overseas investments annually. Supported by the reform in Industrial and Financial sectors, GDP is expected to grow 7-9% p.a. for the next decade. GDP per capita exceeded US$1,000 in 2003, suggesting that demand on auto and housing will take off in a big way. With US$790 billion market capitalization, the Chinese stock market is 2nd largest in Asia after Japan. It will continue to be the star player not only in the emerging markets universe, but eventually will also challenge other developed markets. Despite all the noise, for long-term investors seeking growth the risk is not being in the Chinese market.”