For business leaders with an eye on the global economy, the challenge of accessing goods from China amid COVID-19 lockdowns in Shanghai is having a material impact on the supply chain.
Even with so many uncertainties, though, some see potential investment opportunities. Recently, Regions Chief Investment Officer Alan McKnight was asked by CNBC Europe for his take on Chinese technology firms. It was part of a broader discussion about economic conditions and the overall investment landscape.
“Based on the current valuations, many of the Chinese tech platforms are cheap right now versus their historical valuations,” McKnight responded. He cautioned, however, “On any given day, rules and regulations may change and investors in China need a high degree of confidence they can wait it out. It isn’t for the faint of heart.”
To see more insights from McKnight’s interview, check out the video from CNBC below.
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Alan McKnight is the Chief Investment Officer for Regions Asset Management, part of Regions Bank Wealth Management where he is responsible for developing consistent and comprehensive asset management strategies to meet the needs of individuals, families and institutional clients.
The commentary expressed are statements of the individual’s opinion, are intended only for informational purposes, and are not formal or binding opinions of Regions Bank, its parent company Regions Financial Corporation, or its subsidiaries. This content is solely for information and educational purposes, and nothing contained in this presentation constitutes an offer or solicitation to purchase any security, the recommendation of any particular security or strategy or a complete analysis of any security, company or industry or constitutes tax, accounting or legal advice. Information is based on sources believed to be reliable but is not guaranteed as to accuracy. Commentary and opinions provided reflect the judgment of the individual as of the date of the statement and are subject to change without notice. Some statements may contain forward-looking statements based upon the reasonable expectations, estimates, projections and assumptions of the individual, but forward-looking statements are not guarantees of future performance and involve risks and uncertainties, which are difficult to predict. Investment ideas and strategies presented may not be suitable for all investors. No responsibility or liability is assumed for any loss that may directly or indirectly result from use of information, commentary or opinions.
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