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BlackRock Global Funds (BGF) China Fund marks 1 year anniversary
Why invest in China?
- Supportive growth story: Intensive urbanisation, income growth and more sophisticated manufacturing continue to support China's medium- to long-term growth.
- Greater economic stability: Backed by government policies and increased inflows of fixed asset investments, economic growth should stabilise with improved production data, employment rates and national income levels.
- China expected to lead the global recovery due to its resilient domestic consumption coupled with a massive increase in fixed asset investments.
- Long-term alpha opportunities: Jing Ning has identified compelling long-term opportunities in retail and consumer services sectors as well as in younger and smaller sectors such as healthcare and technology.
Reasons to buy China
BlackRock's Jing Ning, Fund Manager of the BlackRock Global Funds (BGF) China Fund, said:
"The global recession has hurt China's export industry. However there is a silver lining to this cloud. The government has been forced to convert its plans for a more balanced economy from rhetoric to reality. Strong, swiftly implemented changes will see domestic consumption become increasingly important to the economy. Investors could therefore enjoy more stability in economic growth.
"China's domestic consumption has remained resilient in the face of the global economic slowdown. Coupled with the massive increase in fixed asset investment, we should experience respectable growth for the Chinese economy in 2009, in contrast with most of the world.
"We are positioning the fund to be exposed to opportunities arising from urbanization, higher disposable incomes and more sophisticated manufacturing. These form the basis for strong growth in China over the medium to long term."
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