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
It should come as no surprise that the new year is a time of reflection and setting new goals for ourselves. Sometimes it’s a vow to be healthier, or maybe you will finally pay off that nagging credit card balance, but whatever it is we always seem to use January 1st as some sort of finish line for bad habits and starting line for change. Well, unless you’re talking about something that does rely on the calendar year such as taxes, there’s really no difference between today and January 1st. So, why wait?
Rather than waiting for the turn of the calendar you should sit down today and put a few things into motion immediately rather than waiting. This doesn’t mean you won’t stick to your guns and make any changes come January, but the longer you wait to do something, the better the chance of something else coming up and prolonging it even further. So, here