Think safe haven and gold, yen and the swiss franc come to mind. But one strategist thinks investors who want low volatility and a sure bet for the next few years, should bet on Chinese stocks.
"What we've seen this week is an effective downgrade of the United States and the Eurozone economies and currencies, and the omission of China in that conversation is essentially an upgrade for China," Aaron Boesky, Chief Executive Officer of Marco Polo Pure Asset Management told CNBC on Friday. "China's looking quite safe at this point."
Boesky said the past week had shown that Chinese stocks were less volatile than the rest of the region. He pointed to the fact that in Tuesday's volatile trading session, when Korean stocks dropped nearly 10 percent in intra-day trade and the Hang Seng dropped 8 percent, Shanghai stocks were relatively flat by lunchtime.
Boesky is especially bullish on the market given its forward price to earnings ratio of just 11.5...
Find out more at http://www.cnbc.com/id/44115530
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