Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

T. Rowe Price Manager Says Buy China Stocks And Dump U.S.

FYI: Investors should ignore pricey U.S. stocks and turn to their cheaper Chinese peers instead, where further stimulus will help propel earnings growth, according to T. Rowe Price.

Chinese shares trade at a discount and will benefit as authorities crank up efforts to promote the flow of credit in the world’s second-largest economy, said Thomas Poullaouec, head of Asia Pacific multi-asset solutions for the $1.1 trillion asset manager in Hong Kong. By contrast, U.S. shares are pricey and Federal Reserve stimulus is already well priced in by investors, he added.
Sign In or Register to comment.