Sat, Jan 21, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Atlantis IM sees investment opportunities in China after positive developments

Tuesday, August 03, 2010

Opalesque Industry Update - Despite recent dips in its economic growth, China has seen a series of positive developments that will lead to increased returns for investors, according to Yang Liu, Chairman and Chief Investment Officer of Atlantis Investment Management (HK) and Fund Adviser to the Atlantis China Fund.

These developments include the decision by the Chinese Central Government to de-peg the renminbi from the US dollar, which has resulted in a re-rating of Chinese assets. Liu believes that the decision – something she had previously predicted – will also lead to multi-year positive returns for the market.

“In the coming months, we believe that investors will move to overweight China in their asset allocations and that the currency movement will provide a new investment horizon in the country,” says Liu.

“While some market participants have been concerned about recent economic data, the beauty is in the detail. Headline GDP growth in Q2 continued to be robust at 10.3% year-on-year and the data we have seen also indicates that the Government’s aggressive tightening policy – in place since March this year – has worked effectively to prevent the economy from overheating.”

Looking at recent economic data, Liu has noticed a disconnect between supply and demand with a marked decline in industrial value-added growth on one hand, and continued robustness in demand indicators such as fixed asset investment, retail sales and exports on the other.

Moving into the second half of 2010, Liu believes that monetary policy may take a more neutral stance and at the very least expects an easing of tightening policy to arrive in the fourth quarter as a catalyst to drive the market to recover from its lows of recent months.

“At that point, liquidity tightness and new loan growth control could also be relaxed,” says Liu. “This will potentially create significant alpha for investors willing to take a position against conventional wisdom.”

About the Atlantis China Fund
The Atlantis China Fund is a sub-fund of the Atlantis International Umbrella Fund, an open-ended umbrella unit trust established as a UCITS III and listed in Dublin.

The objective of the Fund is to achieve long-term capital appreciation through an actively managed portfolio of equity and equity related investments in The People’s Republic of China.

The Fund focuses on a portfolio of Chinese equities, investing predominantly in B-shares, H-shares, Redchips and P-Chips (listed privately-owned enterprises with a majority share owned by Chinese citizens). The Fund may also invest in A-shares through the use of structured products.

Performance (as at 30.06.2010):

Atlantis China Fund

June% YTD% 1Year% Since Inception%
0.9 -0.7 26.0 528.8

(Press release)

Corporate website: Source

- FG

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally, Hedge fund legend David Einhorn is making a big bet on GM, After impressive 85% return in 2016, hedge fund looks to Canadian gold producer, small banks[more]

    This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally From Forbes.com: Can bank stocks continue to rise after a 28% surge in the KBW Bank Index in 2016, fueled by a post-election rally as stock pickers returned to the beaten down sector? Forget the s

  2. SWFs - China sovereign wealth fund CIC plans more U.S. investments[more]

    From Reuters.com: China Investment Corporation (CIC), the country's sovereign wealth fund, is looking to raise alternative investments in the United States due to low returns in public markets, its chairman said on Monday. CIC will boost its investments in private equity and hedge funds as wel

  3. Some hedge funds strong start in 2017 nice contrast to 2016[more]

    With the 2016 HSBC Hedge Weekly performance rankings in the books - a year in which the same leader-board entries pretty much dominated unchallenged throughout the year - comes a new leader board that is a hard-scrabble mix of hedge fund styles and categories. What is clear after but a few short wee

  4. Macro hedge funds and CTAs outperform in December on strong dollar[more]

    Komfie Manalo, Opalesque Asia: The last month of 2016 saw risk assets climbing higher, as part of expectations that the new U.S. administration will remove barriers to growth and investment, Lyxor Asset Management said. December also saw the Fed hik

  5. Opalesque Exclusive: Roxbury credit events UCITS gathers more assets[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The Roxbury Credit Events Fund, launched in September 2015, was up 4.24% in 2016, having returned seven positive months during the year. The managers raised