Europe's largest asset manager Amundi was surprised by Chinese factory activity shrinking faster than expected in May, but maintains its overall view on China, a senior fund manager told Reuters on Wednesday.In its June investment outlook published last week, Amundi said it remained positive on China beca
Europe's largest asset manager Amundi was surprised by Chinese factory activity shrinking faster than expected in May, but maintains its overall view on China, a senior fund manager told Reuters on Wednesday.
"For sure we were surprised by this data because we were more of the view that the reopening could have put some upside surprise in terms of overall growth in China," said Cosimo Marasciulo, Amundi's head of fixed income absolute return, referring to Wednesday's data.
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