Warning on slow growth
Friday, October 30, 2015
Wall Street was volatile overnight, ending sharply higher thanks to Apple Inc.
Fund manager Schroders believes in the medium term, global economic growth prospects remain reasonable.
China's slowdown will hurt the global economy. But there is still reasonably good growth in developed countries. Lower oil prices can stimulate consumer spending in the United States and Europe while real wages rise.
Right now, I like Bank of China (Hong Kong) (2388). The stock, with a 4.4 percent dividend yield, is at HK$25 25 percent below its peak reached in May.