The legendary investor Mr. Rogers has been playing the same old
tune in his China sermons. Recently he said: he felt that Chinese
investors don't have to go crazy over QDII products because "The
RMB asset is currently the best investment product in the whole
world."
?
Apparently, Mr. Rogers' words carried some weight and were quite
timely. The crazy actions of Chinese investors regarding their
purchase of QDII funds have captured the attention of the
investment master.?
Many investors do not know what QDII actually represents.
Investment institutions have explained many times that QDII fund
investments are oriented towards international markets. They differ
from domestic funds and they are very risky.?
Rogers delivered his advice to his investment disciples. He
stressed in his speech that it was not wise for Chinese investors
to invest in international markets by purchasing QDII because the
foreign stocks are too expensive. "I know many Chinese investors
are buying mutual funds invested in foreign markets. My advice is:
Be very careful. I certainly wouldn't buy them
myself."??
For more details, please read the full story in Chinese
(http://www.morningpost.com.cn/article.asp?articleid=133644).
(China.org.cn October 30, 2007)
