China Stocks Overvalued According to 84% of China Fund Managers
It looks like even those with a strong vested interest in China’s overheated stock markets, fund managers, can see the fact that China stocks are overvalued. Yet they keep poring more and more money into an already overheated asset class. Translated from this week’s Modern Weekly:
China Fund Managers Believe Stocks are Overvalued, Continue to Buy
Even though the prospects for China’s continued economic development are bright, the idea that its stock markets are overvalued has already become common knowledge among the vast majority of fund managers in China. Investoday‘s September survey of fund managers revealed that more than 84% of fund managers in China believe its current stock markets are overvalued. Yet at the same time, more and more fund managers are pouring their assets into stocks as the main path to profit.
