Mutual funds and exchange-traded funds are the only practical way you can get unfiltered access to China’s boom. Since China is a hot item with U.S. investors, investment managers are rolling out new funds and ETFs to capitalize on the trend.
Companies producing goods for China’s construction and real estate development sectors could well be the gainers from these newly cashed-up listed companies – who will seek to reinvest significant parts of their IPO funds into mid-term business growth.
Manufacturing in China hit a 12-month high in July mainly driven by domestic demand, a leading independent index showed Monday, in a further sign the economy is recovering.
China stock market policy scan on Aug. 3, as follows:
1. The Purchasing Managers’ Index (PMI) of China’s manufacturing sector stood at 53.3 percent in July, the China Federation of Logistics and Purchasing said Saturday.
The figure was up 0.1 percentage point from June. The June index gained 0.1 percentage point from a month ago.
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