China’s transition to a consumption based economy, on top of the Fed’s tapering strategy will put serious pressure on Chinese stocks going forward, says Drew Nordlicht, Managing Director at HighTower. Nordlicht says investors are better off investing in manufacturing-based countries like Vietnam, Taiwan and Indonesia instead of China and Korea which could see headwinds. Finally, Nordlicht says many emerging market indexes are overweight China so investors should do research before buying a fund.
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