Invesco moves on China

Invesco has moved to a more aggressive weighting in China in its GT Hong Kong & China Growth and GT Orient funds. Fund manager Billy Chan, who runs both funds, said the reweighting of China follows positive macro-economic indications that China is emerging from its seven-year trough. Chan, who has upped the China weighting in the Hong Kong & China Growth Fund to 24% from 15% in April, said export growth was up 40%, industrial production growth was up 12% from this time last year and retail growth looks set to go into double figures. The weighting in the GT Orient Fund has moved from 1.8%...