Bulletin
Investor Alert

New York Markets Close in:

Aug. 22, 2007, 12:00 p.m. EDT

A China bubble?

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Matthews China Fund;Investor (MCHFX)
  • X
    Matthews Asia Growth Fund;Investor (MPACX)
  • X
    Matthews Asia Dividend Fund;Investor (MAPIX)

or Cancel Already have a watchlist? Log In

By MarketWatch

BOSTON (MarketWatch) -- Steven T. Goldberg of Tweddell Goldberg Investment Management, says that "China could be the tech bubble of this decade" and warns investors looking to profit from Asia to follow a diversified strategy.

In a radio interview with Chuck Jaffe, senior columnist for MarketWatch, Goldberg suggested that investors look first for quality fund-management companies and then see how the numbers stack up. But he warned not to let the numbers lead to a strategy, like an excessive focus on China, that could prove excessively volatile over time.

Goldberg suggested that investors sell Matthews China /zigman2/quotes/201270776/realtime MCHFX -0.39% in favor of the more-diversified Matthews Asia Pacific /zigman2/quotes/207507569/realtime MPACX -1.39% and Matthews Asia Pacific Equity Income /zigman2/quotes/207688991/realtime MAPIX -0.61% .

Expenses were a big part of the reason why Goldberg put a hold on Templeton Developing Markets /zigman2/quotes/206983518/realtime TEDMX -0.76% but a purchase recommendation on T. Rowe Price Emerging Markets Stock fund /zigman2/quotes/201378381/realtime PRMSX -0.88% . The Templeton fund, which carries a front load charge of 5.75%, has an expense ratio of 1.86% compared with the no-load T. Rowe Price fund's 1.25%, according to data from Morningstar Inc.

In the large-cap space, Goldberg put buy recommendations on Excelsior Value & Restructuring , Leuthold Undervalued and Unloved and Marsico 21st Century /zigman2/quotes/200023497/realtime MXXIX +1.67% , but said it's time to give up on Oakmark Select /zigman2/quotes/207233272/realtime OAKLX +0.20% .

Listen to the highlights from Your Money with Chuck Jaffe.

Jaffe's radio show features news and information relevant to all types of investors, from beginners to experts. It regularly features reviews of stocks and mutual funds suggested by MarketWatch readers; to request a stock or mutual fund for review, send your name, hometown and the ticker symbols that interest you to Chuck Jaffe .

/zigman2/quotes/201270776/realtime
US : U.S.: Nasdaq
$ 20.27
-0.08 -0.39%
Volume: 0.00
Jan. 24, 2022
loading...
/zigman2/quotes/207507569/realtime
US : U.S.: Nasdaq
$ 28.43
-0.40 -1.39%
Volume: 0.00
Jan. 24, 2022
loading...
/zigman2/quotes/207688991/realtime
US : U.S.: Nasdaq
$ 18.02
-0.11 -0.61%
Volume: 0.00
Jan. 24, 2022
loading...
/zigman2/quotes/206983518/realtime
US : U.S.: Nasdaq
$ 22.09
-0.17 -0.76%
Volume: 0.00
Jan. 24, 2022
loading...
/zigman2/quotes/201378381/realtime
US : U.S.: Nasdaq
$ 44.85
-0.40 -0.88%
Volume: 0.00
Jan. 24, 2022
loading...
/zigman2/quotes/200023497/realtime
US : U.S.: Nasdaq
$ 39.53
+0.65 +1.67%
Volume: 0.00
Jan. 24, 2022
loading...
/zigman2/quotes/207233272/realtime
US : U.S.: Nasdaq
$ 61.52
+0.12 +0.20%
Volume: 0.00
Jan. 24, 2022
loading...

This Story has 0 Comments
Be the first to comment
More News In
Personal Finance

Story Conversation

Commenting FAQs »

Rates »

Partner Center

Link to MarketWatch's Slice.