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Strategies & Market Trends : Greater China Stocks

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From: Julius Wong	10/11/2011 7:50:44 AM
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Pimco Sees ‘Cheap’ Emerging-Market Equities By Jason Webb and Michael Patterson - Oct 10, 2011 Emerging-market stocks are “cheap”and Pacific Investment Management Co. is buying in China after the nation’s shares tumbled this year, said Maria Gordon, an emerging-market equity-fund manager at Pimco. “We are definitely fishing in the more cyclically distressed areas of the market where valuations are very, very cheap,” London-based Gordon said in an interview with Sara Eisen on Bloomberg Television yesterday. “We’re selectively accumulating positions” in China, Gordon said, adding that shares of Hong Kong-based insurer AIA Group Ltd. (1299) are poised for“a lot of capital appreciation.” bloomberg.com

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