The head of the world’s tenth largest asset manager says investors are crying out for greater exposure to Chinese companies, despite rising geopolitical tensions over China’s approach to trade and human rights.
US-based PGIM is a global asset manager responsible for $US1.5 trillion ($1.95 trillion) in funds under management and chief executive David Hunt said institutional investors want to profit from China’s growth as the government transitions its economy from exports to technology and innovation.
Mr Hunt said it was “not necessarily easy” to invest in the world’s most populous country, despite improvements in corporate China’s approach to transparency in reporting earnings and market sensitive information. Read more…..
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Charlie Munger, the long-time business partner of famed investor Warren Buffett, talks with the BBC. If you know anything about Charlie Munger, he’s famous for his quick wit, plain spoken wit and absolute genius. He has helped shareholders of Berkshire Hathaway amass untold fortunes.