Monday, July 2, 2007

RPT-China funds still upbeat on stocks, sour on bonds

(Reuters) - SHANGHAI, July 2 - Fund managers are still upbeat
about China's stock market in the third quarter but most are
shunning bonds and bills on expectations that market interest
rates will rise, a Reuters survey of eight China-based funds
showed.




Most of the funds polled late last week and on Monday said
the Shanghai Composite Index had entered a consolidation
phase, although it still had a chance to rebound above 4,000
points over the next three months.


Read more at Reuters.com Bonds News

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