China Update

Professor Bittlingmayer's Investing in China conference went very well. The panels were great, filled with exceptional people displaying a wealth of information regarding all things Chinese.

The panel held diverse views from caution based on concerns that the rule of law is not yet real in China, to unabashed bullishness on the world's fasted growing large economy.

The keynote speaker was Kent McCarthy, who manages the Jayhawk China Fund, a long-short hedge fund with a long bias, investing in China. Kent is an exceptionally talented investor and a major asset for the KU School of Business. McCarthy provided a strong case for investing in China, refuting the bear case point by point.

I have owned a China UIT from UBS for well over a year and made Asian growth and development a major factor in the portfolios I built for clients at UBS. I firmly believe that Asian growth and affluence will be one of the top five stories in business and investing for the next ten years. The panels provided some strong information and overall I think the consensus is cautiously optimistic over the short term. The rule of law is a major cause for caution, but the movement is real, and conditions for business seem to be improving.

More to come...

Timothy Burger