Managers of China-exposed funds, which have seen heavy losses in recent weeks during the financial fallout of the coronavirus, are now eyeing buying opportunities in the belief the developing health crisis will not hinder the market beyond the short term.
The highly infectious virus, which has spread beyond China to many countries around the world despite quarantine efforts, has rocked Chinese equities with the MSCI China sliding almost 10% between 15 and 31 January before authorities intervened to support markets. Coronavirus contagion concerns: Unknown territory It has also had an impact beyond China with the outbreak affecting global supply chains and the performance of non-Chinese companies exposed to the country's economy. Several funds in the IA China/Greater China sector had seen double-digit losses between 15 January - when ...
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