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Advisers wary of China choice

There has been a mixed response from advisers to the news of Anthony Bolton return to running money in a new China fund.

Skerritt Consulting head of investment Andrew Merricks says: “It would not surprise me if IFAs thinking about going into China will do so now.

e is a good manager but people hold him a little bit in awe. People have seen opportunity in China before Bolton got there although his going there is the seal of approval that China will run and that it is not a bubble.”

But Barretts Financial Solutions proprietor Kim Barrett says: “Anthony Bolton moving into China should not change IFAs’ investment choices. He is not known for managing an emerging market fund and there are other proven fund managers in this area that IFAs can look to.”

Clayden Associates director Daniel Clayden says: “I think having a fund manager with Anthony Bolton’s pedigree managing the fund is obviously going to help people consider Fidelity’s offering. I have been recommending an investment in emerging markets as part of an overall portfolio for the last couple of years, not specifically China, but Russia Brazil, and India.

“I hope people do not invest in what they do not understand with a bubble in investments in China, like we have seen with commercial property bubbles and technology bubbles.”

Candidmoney.com founder Justin Modray says: “The fact that Bolton is emerging from semi-retirement to run money again demonstrates just how excited he must be about the medium-term investment opportunities in China. However, I think it will be a while yet before we see China emerge as a mainstream holding in UK investor portfolios because the potential for short-term volatility, and hence losses, remains very high.”

But he says he would not bet against Bolton’s chances of succeeding.

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