(Bloomberg) — Assets with exposure to China look “ridiculously cheap” and Alberta’s investment manager plans to boost such holdings outside the country to take advantage of depressed valuations, its chief executive officer said.
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“If you can find opportunities to participate in the growth in China, without actually being in China, those are potential mispricing opportunities,” Alberta Investment Management Corp. CEO Evan Siddall said Tuesday during an event in Toronto. “My guess is that we’ll probably position ourselves in economies around those markets that are interesting.”
Aimco, which manages about C$160 billion ($118 billion) for the energy-rich Canadian province, has minimal direct investments in China and relationships with a number of external fund managers that invest there.
The firm’s target for allocation to the Asia-Pacific region is “more,” Siddall said. “It’s actually no more complicated than ‘more’.” Aimco had only…
2023-09-26 20:13:11
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