China - Is the Recent Run-up a Durable Rally or a Flash in the Pan?

Three years ago, Lori and Lisa explained in a blog “From Beijing to Wall Street” why they thought the Chinese market was un-investable. In this podcast, they explain what has made them change their mind. Chinese stocks have barely appreciated for 17 years, while the S&P 500 is up 270% since 2007. Chinese equities are very cheap versus their U.S. counterparts, active managers’ exposure to the Chinese market is at multi-decade lows and most central to their thinking is the recent political actions of the Chinese government. This podcast episode concludes with Lori and Lisa’s current thoughts on the U.S. market.