Nøddekær claims Chinese equities not too expensive

Emerging markets manager Jorry Nøddekær has insisted many Chinese equities are not too expensive despite the market soaring in the past year, reports Matthew Jeynes in FT Adviser. Nøddekær contends there is still value to be found in Chinese shares, particularly in sectors such as technology, telecommunications and consumer discretionary – which is why his Nordea 1 – Emerging Stars Fund is positioned overweight in the region.