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Amundi: Add to China biotech, clean energy stocks after recent falls

reuters.com · 09/01/2021 13:42
Amundi: Add to China biotech, clean energy stocks after recent falls

- Amundi Asset Management said on Wednesday investors should use recent declines in Chinese equities to increase their exposure, especially in biotech and clean energy sectors.

"On China, we retain our long-term positive call and believe that recent weakness has opened up interesting opportunities," said Pascal Blanque, CIO at Amundi, Europe's largest asset manager with 1.8 trillion euro of assets under management.

"Investors could take advantage of the selloff to increase their allocation in Chinese equity in global portfolios and manage the current phase focusing more on the sectors that are insulated by changes in regulation."



(Reporting by Karin Strohecker; Editing by Tom Arnold)

((karin.strohecker@thomsonreuters.com; +442075427262; Reuters Messaging: karin.strohecker.reuters.com@reuters.net))