Moscow. January 26. Chinese Fund Manager Fund Yourong Huang Weimin, is the most successful investor in the country last year with a rate of return of over 6200%, recommends to sell shares of Chinese companies before they will fall even more.
“I have no optimism about the coming year, – quotes its words Bloomberg. – My advice is to hold on tightly to their money to wait and see”. According to 45-year-old trader, who founded a small Fund of less than two years ago, the main negative factor for the Chinese stock market this year will be, in addition to slowing GDP growth, the influx of new shares onto the market.
Huang Weimin, become a professional trader in 2006, has made an impressive return with the correct predictions on the movement of stock indices during the periods of turbulence in the market. In addition, he repeatedly increased their performance due to margin transactions.
“I will continue to follow the market and make multiple trades, when it will fall – said the investor. – If every time my yield will be 5-6% by the end of the year will reach 50-60%, I’ll be happy.”