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Article: FUND MANAGERS PESSIMISTIC ABOUT CHINESE STOCK MARKET
- Article from:
- AsiaInfo Services
- Article date:
- March 13, 2009
CopyrightProvided by ProQuest LLC. (Hide copyright information)
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AsiaInfo Services
03-13-2009
Fund Managers Pessimistic about Chinese Stock Market
BEIJING, Mar 13, 2009 (SinoCast Daily Business Beat via COMTEX) -- Bejing-based market advisor CEBM Group Co., Ltd. reported that 49% of the 30 fund managers in its latest survey expected a decline in the Chinese stock market in March 2009.
35% of the surveyed anticipated that the market would be neutral or volatile. Only 16% are optimistic, including 45% of the surveyed PE fund managers.
As for the coming six months, 54% of the 30 fund managers estimate the yield on the market to keep flat or go precarious. 27% of them believe the yield to grow more than 10%, and 11% forecast a below-10% growth. But 8% deem ...