Credit Suisse CIO says has “day-by-day, week-by-week” approach to China
December 6, 2021
LONDON (Reuters) – Credit Suisse global chief investment officer Michael Strobaek said on Monday he was taking a “day-by-day, week-by-week” approach to China and remained generally cautious on emerging markets.
“I would take a wait-and-see approach on emerging markets,” Strobaek told the Reuters annual Investment Outlook Summit.
“I would take a day-by-day, week-by-week approach to China, to see what’s unfolding on the default side and the policy side,” he said, in a reference to the problems in the country’s giant corporate debt sector.
“Only if I see real deep opportunities, I’d go back in.”
(Reporting by Sujata Rao and Dhara Ranasinghe)