In the middle of the Commercial War between China and the United Statesglobal investors seek better assessments and the Asia Executive Director in Amundi SA, Eddy Wonghe pointed out that they see better opportunities in the first than in the second according to David Scanlan en Yahoo Finance.
«We see that investors around the world are beginning to realize the excellent assessment we have in China and Hong Kong, and the market has been recovering,» Wong said.
The reference index Hang Seng of Hong Kong has risen around a 18% Since Donald Trump assumed the presidency, which makes it one of the stock market indices with Better performance of the world. The index S&P 500 has fallen around a 6%standing by Under most global indicators. Investors are taking advantage of China’s advances in artificial intelligence, while Trump’s commercial wars are mining confidence in the US economy.
In parallel statements to an event of FT Live In Singapore on Thursday, Wong said that some «prudent» investors are still considering investing in China.
«I don’t think it’s a firm trend yet, but appetite and interest are slowly returning,» Wong said. «What China wants to do is quite clear, while in the United States uncertainty increases.»
Wong declared in September that Amundi remains in «Expansion mode» In China, while the Paris -based asset manager seeks more talent to reinforce its bases and prepares to launch more products.
“We are very committed to China; We will never leave, ”added Wong.
Wong indicated that Amundi has registered capital tickets throughout Asia this year despite some obstacles in China due to the deceleration of the economy. Amundi, with 2.24 billion euros (2.4 billion dollars) In global assets under management, it manages a joint company with Bank of China Wealth Management and has a fund company with Agricultural Bank of China Ltd.
«Joint companies are working very well,» Wong said. «It is very important to have someone local to guide us to continue discovering opportunities in China.»