t’s natural to assume that countries with the highest economic growth generate the best investment returns, but that doesn’t stack up. “Australia is the best market in Asia and China the worst,” says Robin Parbrook, co-manager of the £500m. “It is the returns on capital of companies, not economic growth, that drive investment markets.” Chinese firms have a record of over-investment and poor
Choose companies, not countries
Mar 03, 2023
2 minutes
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