NEW YORK, March 2 -- Capital inflow into Chinese on-shore stock market would accelerate in 2019 thanks to global index supplier MSCI's decision to hike the inclusion factor of China's A-Shares from 5 percent to 20 percent in three steps within 2019, according to a research note by Swiss multinational investment bank UBS AG.
The weighting for Chinese A-shares in MSCI Emerging Market index would rise to 3.3 percent by November, up from around 0.7 percent at present, said MSCI.
"This latest MSCI weight increase should help trigger at least 60 billion U.S. dollars in inflows to A-shares in 2019, pushing cumulative foreign ownership above 160 billion U.S. dollars," said the research note issued on Friday.
Higher A-share allocation is a long-term structural trend for international investors, it added.
Incremental buying in the short term will probably remain biased toward select sectors and stocks currently prefered by overseas capital, such as white goods, insurance, healthcare and electronics, it said.
Meanwhile, the sharp run-up in onshore brokers, partially stoked by recent recovery in onshore stock markets, offers attractive levels to take profits in the sector, according to UBS.
MSCI's announcement of higher A-share inclusion factor will bring a new pool of international investors to the A-share market, which overtime will help raise transparency and improve governance to these listed companies, said Jorge Mariscal, chief investment officer on emerging markets with UBS Wealth Management.
【国内英语资讯:China stock market to see big capital inflow in 2019 upon MSCI weight decision, UBS says】相关文章:
★ 人与同行的狮子
最新
2020-09-15
2020-09-15
2020-09-15
2020-09-15
2020-09-15
2020-09-15