RIVERFRONT BOTTOM LINE: While certain parts of the Chinese market (small caps and “new China” technology, in particular) are exhibiting classic signs of bubble behavior, we believe the H-share dominated MSCI China Index is still reasonably valued and likely to remain in a bull market trend for the foreseeable future.  Furthermore, we believe the factors driving Chinese markets may also benefit tertiary markets related to China, including Hong Kong and perhaps Taiwan and Singapore.  Thus, while we remain underweight on emerging market stocks in general, in our growth portfolios we have an overweight position in Emerging Asia (including China) relative to Latin America and Eastern Europe/Africa.

David Fuller's view

Here is The Weekly View.

I suspect subscribers are up-to-date on China given the coverage it has received in this service in recent months.  Nevertheless, The Weekly View provides a good overall summary for anyone less familiar with this increasingly important market.