Jul 15 2013, 03:08 PM
QUOTE(j.passing.by @ Jul 15 2013, 03:21 PM)
Robustness of China's economy do not necessary translate to robustness in their stock market.
“China is a case in point that great GDP doesn’t mean a great stock market,” Nicholas Yeo, a money manager at Aberdeen Asset, which oversees about $322 billion worldwide, said by phone from Hong Kong on July 10. “The lack of quality in terms of corporate governance is one of the main reasons we find why companies don’t perform well over the long term.”
"China Wealth Eludes Foreigners as Stocks Earn 1% in 20 Years."
http://www.bloomberg.com/news/2013-07-14/c...r-20-years.html
P.S. "... lack of quality in terms of corporate governance...". Am not really clear what he was saying... but I think he's saying that the some of the listed companies were following Facebook method of pulling in funds and zukerberg the investors.
I bought the fund 5 years ago when it is listed and never recover my return. No dividend pay out what so ever for the time it is listed and you guys still want to buy this fund??? I think this is one of the worst performing find in Public Mutual. You better buy the Islamic fund which give consistent return even at bad times...“China is a case in point that great GDP doesn’t mean a great stock market,” Nicholas Yeo, a money manager at Aberdeen Asset, which oversees about $322 billion worldwide, said by phone from Hong Kong on July 10. “The lack of quality in terms of corporate governance is one of the main reasons we find why companies don’t perform well over the long term.”
"China Wealth Eludes Foreigners as Stocks Earn 1% in 20 Years."
http://www.bloomberg.com/news/2013-07-14/c...r-20-years.html
P.S. "... lack of quality in terms of corporate governance...". Am not really clear what he was saying... but I think he's saying that the some of the listed companies were following Facebook method of pulling in funds and zukerberg the investors.
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