Rising in the East
Long-term investors are setting sights on China.
China: It's been the emerging-market fund story since theearly 1990s, and prospects for investment opportunities this yearare more promising than ever.
Eric Sandlund, portfolio manager of the Columbia Newport GreaterChina Fund (NGCAX), says that the Chinese economy grew by awhopping 9.5 percent in 2004. "When you look at the macrolevel, it's been 15 years where you've had compoundedgrowth between 8 and 10 percent per year," he says, addingthat China's economy is a much bigger factor in the globaleconomy today than it was in the past century.
Continue reading this article - and everything on Entrepreneur!
Become a member to get unlimited access and support the voices you want to hear more from. Get full access to Entrepreneur for just $5.
Entrepreneur Editors' Picks
-
When Her Parents' Restaurant Burned Down, This First-Generation Founder's Hot Sauce Brand Rose From the Ashes to Take on Corporate Giants
-
Not Hitting Your Goals? Here's How to Know If You Should Change Tactics or Strategy.
-
You Can Generate Your Own Viral LinkedIn Post With This Hilarious Tool
-
This Couple Lost Everything When the Housing Market Crashed. But Manifesting 'Magic' Helped Them Launch a Metaphysical Brand With 10 Stores.
-
The Best Software Solutions and Tech Providers in the Franchising Industry
-
This 18-Year-Old Student Wanted a Better Way to Keep Track of His School Work. So He Built an App — and a Business.
