Tens of thousands of British investors will be wary of any bullish noises coming from fund groups championing China.
With Chinese New Year celebrations about to start this week, several groups are encouraging investors to keep faith with China despite some dismal returns of late.
China has been the phenomenal growth story of the 21st century and investors who caught the bug early will have reaped handsome rewards. But as the story unfolded, more investors jumped on board hoping to make a quick mint from the world’s fastest-growing economy. However, growth has slowed and many investors will be cursing their move east.
Last year one of the most popular unit trusts, Jupiter China, had a torrid time, falling by 23pc, while investors who ploughed millions into Fidelity China Special Situations, managed by Anthony Bolton, have seen similar losses.
So what next?
Observers are split into two camps – those forecasting a soft landing and others who fear a major crash. B