Fund Investment Themes
For 2023, I'm bullish on China market for the following reasons:
1. Reopening of economy
For the past 2 years, China's economy is dampened by the zero covid policy. Beijing's response to exit from zero covid policy despite the relatively low immunity rate among the population shows the government's focus for the upcoming year.
2. Rebound of China stocks
China stocks have been pretty much suppressed for the past year. With the reopening and growth in industrial activities, would expect a rebound this year sharper than ever.
On top of that, would continue regular savings plan on $Fullerton SGD Cash Fund(SG9999005961.MF$ with the high interest rate.
Happy CNY everyone! May the funds hop, hop, hop like a bunny in 2023!
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Sweet_Lover_8919 : Go China!
9430 : Not recommended.
EYSYOP 9430: Why? Can share your opinions?
9430 EYSYOP: From the global point of views, the numbers from China has came strong, but the statistics posted has a long history of being manipulated, which I shall not named. From multiple unofficial leaked news reports that I came across, the economy of the country is not as strong as what outsiders think. With global recession probability increasing and foreign investments leaving the country, I do not recommend investing in it.
To be frank with you, I have bought A Share BYD stock before it rose to 333 CNY, and have hold it for a year. I sold off recently, not at a loss, but I am no longer confident in their numbers and economy.
9430 EYSYOP: No doubt that there is benefits when one rules all, however, the risk outweigh the benefit. The correction mechanism is no longer there after last year. If you know what I mean.
EYSYOP 9430: Thanks for sharing!