67: Why Europe’s attitude towards China is more important than the US

“It felt like a ‘going out of business’ sale, where people were tripping over each other to buy the bargains. There were just so many good companies I bought 14 new names.” This is how Eric Moffett, manager of T. Rowe Price Asian Opportunities Equity, described the investment opportunities afforded by the markets falls in March. He also tells us why Europe’s changing attitude towards China is more of a worry than Trump’s tweets and describes life in Hong Kong after lockdown – and what we could expect here as the ‘new normal’.
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T. Rowe Price Asian Opportunities Equity is a concentrated portfolio of high-quality companies from across the Asia region. The firms held in the fund tend to be established, with market-leading positions and good management teams who prioritise shareholder returns. Portfolio turnover is usually very low and manager Eric Moffett’s ‘tortoise versus hare’ style of investing works wonders in the volatile markets of Asia.

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