Denmark’s Danica Pension believes in China stock growth
The Danish pension fund still expects high stock returns over time in China, particularly from private companies, its head of equities says.
China’s economy is set to make its stock market attractive again in 2023, according to Danica Pension. The firm is looking among the fully privately held companies in Greater China, as in other markets.
Over the last 20 years, China has been a major focus area within the pension fund’s emerging markets strategy for equities. Danica Pension believe that there are valuation opportunities after two rough years in Asia’s emerging markets, and that especially goes for China.
“Ther…
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