Top fund favours corporateson slowdown end

The mainland's top-performing bond fund manager says corporate debt will outperform government notes as economists have overestimated the need for monetary easing to revive the economy.

Wanjia Asset Management, which oversees 29.7 billion yuan (HK$36.4 billion) of assets, said growth might rebound to as much as 7.6 per cent and inflation might exceed 2 per cent in the final quarter of this year.

In the third quarter, the economy expanded 7.4 per cent, the slowest in 42 months, according to a survey of 35 analysts.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1059907/top-fund-favours-corporateson-slowdown-end