FYI: While the rest of the world scrambles to get out of the crumbling Chinese stock market, a trickle of investors is heading straight into the wreckage.
Managers of Chinese stock mutual funds have seen huge drops many times before, and they even find things to like about them. Instead of taking cover, and preserving cash in their portfolios, this time these managers say they are buying stocks of companies set to take advantage of how the Chinese government is reshaping the economy.
Regards,
Ted
http://www.bigstory.ap.org/article/c6602e7c45694262925af6d1908ca52b/rest-world-dumps-chinese-stocks-some-wade
