MGW
China stock boom

Saysxue high volatility and high risk that stand

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saysXue ~ ''High volatility AirChinaasthetypesofbusinesses and high risk" . that stand to benefit Thus, for most foreigners thebest Frederick J i ang , who manages way to i nvest in China - is to b u y one the1vy PacificOpportunities fund, . oftbe~()wingarray > likes those sector-leading picks tOQ, of mlitualfundsorex - , . but for a slightly different reason . chan~ectraded funds Many "public" companies in China focused on the coun " are st i ll state ' -owned enterprises m try. Still, Morningstar which the government keeps as analystWilliamRoc £ O much as a 75% stake. That often : cantions that even means the compamesare assured of China , ~focused fi l nds maintaining their dominant posi- are toonarrow and volatile for : ariy- tion. "You want to focus on almost- one who doesn't already have a monopoly powers," says Jiang . On broad international portfolio . the other hand, Jiang steers clear of One solid choice is Matthews sectors traditionally thought to be China (MCHfX),managed by Mark the nation ' s strengths : manufactur- Headley and Richard Gao, afor- ing and exports. "In China capital . mer Bank of China trader. The is cheap, labor is cheap, and tech- . fund has a 17 . 4% average return nology isreadily av~ilablt':,"be says . over the past five years and one · of · "We see veiyfierce competition , the lowes t e x pense r atios, 1.3% , FFEDBACK inv es [email protected] of any China fund. Moreover Gao , For aDthe latest stoc:k data an d . In-depth research and analysis, go to FORTUNE's home on the web, CNM l\'l Q ne y .eom.
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  • Two '12
  • Suzan
  • People's Republic of China, Shanghai Stock Exchange, China Construction Bank, Hong Kong Stock Exchange

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