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LOIM fund targets high conviction Chinese stocks

china_stock_marketLombard Odier Investment Managers (LOIM) has added a Chinese stock market strategy to its global high conviction funds.

The China High Conviction strategy will be linked to growing Chinese domestic demand, driven in part by millennial consumption patterns. This, according to LOIM, is where the future growth potential is to be found.

Managed by LOIM’s Asia investment team, the fund invests in high quality Chinese companies with sustainable business models, the firm said.

Zhikai Chen, portfolio manager and head of Asia ex-Japan equities at LOIM, said: “The nature of economic growth in China is changing, which is creating compelling investment opportunities in the region. Millennials and the middle class are transforming China’s society and its consumption patterns."

The firm’s head of equities, Didier Rabattu, added China was still an “untapped and high potential market”. Traditional indices have under-represented Chinese stocks, he said.

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