China's opacity priced in, expert says

asia ex-japan

Those who fear a lack of transparency among China's corporates may find this has already been factored into the share prices, according to a leading fund manager in the region.

Khiem Do, manager of Baring Asset Management's China Absolute Return fund, which is up about 25% YTD without any leverage, notes in support of this contention that, while Japan's Topix index is currently trading on 20 times, China's 13.5 times 2006 earnings looks more appealing.

The Baring CARF fund can invest in

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