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 -0.88% in favor of the more-diversified Matthews Asia Pacific /zigman2/quotes/207507569/realtime MPACX +0.09% and Matthews Asia Pacific Equity Income /zigman2/quotes/207688991/realtime MAPIX +0.07% .
Expenses were a big part of the reason why Goldberg put a hold on Templeton Developing Markets /zigman2/quotes/206983518/realtime TEDMX +0.11% but a purchase recommendation on T. Rowe Price Emerging Markets Stock fund /zigman2/quotes/201378381/realtime PRMSX +0.03% . 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 +1.68% , but said it's time to give up on Oakmark Select /zigman2/quotes/207233272/realtime OAKLX +1.80% .
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